Should Congress change tax amounts for deductions and the top marginal income tax rate?

This bill has Passed the House of Representatives
Bill Summary

H.R. 5377 alters several tax rules for 2020. First, it eliminates the marriage penalty in limitation on the deduction of state and local taxes. It changes the law from $10,000 to $20,000 for a joint return. Second, it increases the deduction for elementary and secondary school teachers, as well as first responders, from $250 to $500. Last, it increases the top marginal income tax rate from 37% to 39.6% as well as lowers the dollar amount at which the rate begins. Sponsor: Rep. Tom Suozzi (Democrat, New York, District 3)
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Opponents say

• “Today our Committee will watch our Democrat colleagues champion a huge tax cut for millionaires and billionaires, while the middle class in America gets nothing. We will debate their insistence on hiking taxes on small businesses across America to pay for their massive tax windfall for the wealthy 1 percent. Even worse, this regressive legislation is a starter pistol for a new race among state and local leaders to raise property taxes, sales taxes, and income taxes even higher on working families and local businesses. As if these unpopular taxes aren’t brutal enough. This bill truly is a tax cut for the few.” - Rep. Kevin Brady (Republican, Texas, District 8)
• “Some of my colleagues must be living in a different world than everyday Americans or not reading the same economic data when it comes to our country’s historic economic growth, historic job creation, and historically low unemployment.” - Rep Jodey Arrington (Republican, Texas, District 19)

Proponents say

• “The SALT cap is terrible tax policy: it upends a long tradition of fiscal federalism; it erodes incentives for homeownership and charitable contributions; it seeks to punish and defund state and local governments that pursue progressive policies, and it imposes a significant marriage penalty. Furthermore, the impact of this tax hike has not been random. It was deliberately aimed at districts like ours, where voters have chosen to fund with their taxes better schools, health care, transit, parks, and social services.” - Rep. Tom Malinowski (Democrat, New Jersey, District 7)
• “Today, Democrats have taken a key step forward in lifting the GOP Tax Scam’s unfair SALT deduction cap, reversing its immense giveaway to the wealthiest tax bracket, and providing additional tax benefits to the teachers and first responders who have paid the price from Republicans ransacking state and local governments. I thank Chairman Neal and the Members of the Committee for their leadership in moving this important legislation forward. Democrats will continue to push for real tax reform that rebalances the tax code to put working and middle-class families first.” - Speaker Nancy Pelosi (Democrat, California, District 12)