October 27, 2017
Elimination of SALT deduction adversely affects Nebraska’s 2nd District
Omaha, NE – Brad Ashford took further exception to the recent vote by Representative Bacon and the inclusion of eliminating the SALT (State and Local Tax) deduction.
“Listening to the people of Nebraska over the years, I’ve learned there is one thing that always tops the list of concerns here: property taxes,” Ashford said. “Congressman Bacon’s vote for the budget resolution that paves the way for elimination of the state and local tax deduction will result in higher taxes for Nebraskans.”
In 2015, with data provided by the nonpartisan GFOA (Government Finance Officers Association), 113,100 taxpayers in Nebraska’s Second District alone claimed an average of $12,484 SALT deduction on their federal tax returns. That is nearly $1.4 billion in lost tax deductions to the people of the district if the budget plan Representative Bacon voted for becomes law. Also, 87.9% of those SALT deductions in the district were by households earning less than $200 thousand per year. Link to the data HERE
“At a time when we should be working to continue to provide relief for homeowners here, my opponent has run off in the other direction,” Ashford continued. “The question for Representative Bacon now is extremely apparent, ‘Why are you supporting a new federal double property tax on people here?’”