Tags: leonard lance | salt | state and local taxes | tax reform

NJ Rep. Lance Opposes Tax Reform: No 'Taxes on Taxes'

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By    |   Wednesday, 22 November 2017 12:16 PM

Americans shouldn't pay "taxes on taxes," and that's what will happen if Congress passes a tax reform bill that eliminates deductions for state and local taxes (SALT), Rep. Leonard Lance, who represents the high-tax state of New Jersey, said Wednesday.

"I'm against it for several reasons," the Republican lawmaker told CNN "New Day" host Chris Cuomo. "This has been in the code since 1913. It is a matter of federalism. We shouldn't pay taxes on taxes. That's what happens when there is no deductibility of SALT."

Lance, like several lawmakers from New York, New Jersey, and California, are against the House bill, as is, because they say it will put too much of a burden on taxpayers by ending SALT deductions.

"If you pay taxes locally you shouldn't have to pay taxes at the federal level on that," Lance said. "New Jersey contributes more to Washington per capita and gets back less than any state in the nation. We get about 60 cents on each dollar we send to Washington, so we are subsidizing other states, and I certainly think this should stay in the code."

But even if the SALT provision is fixed, Lance said he's got other problems with the House legislation.

"It would increase overall debt by a trillion-and-a-half over 10 years," he said. "I tend to be a budget hawk."

He acknowledged that many in the middle class will be helped, and there are also corporate reductions from 35 percent to 20 percent, which he "might favor."

"That is the rate at which small businesses will be paying taxes," Lance said.

He also said he does not like the idea of adding a repeal of Obamacare mandates to the tax legislation, as the Senate has done.

Lance also talked about the allegations that have been made against Alabama Senate candidate Roy Moore and the claims against Democratic Sen. John Conyers, and had strong opinions about both.

With Moore, who has been accused of sexual improprieties involving teenagers when he was in his 30s, Lance said he does not believe the former state Supreme Court justice should be elected.

"I believe the women, and I do not think he should be elected to the U.S. Senate," said Lance. "I agree with Sen. [Richard] Shelby, the distinguished senator in Alabama, sixth in seniority. He said he will not be voting for Judge Moore."

Meanwhile, the office of Conyers, 88, of Michigan, reportedly paid a woman more than $27,000 to settle a complaint against him, after reaching a confidentiality agreement, and his case may be taken before the House Ethics Committe for investigation.

"I do not comment ever on what may or may not be coming to the Ethics Committee," Lance said. "I want to assure you it is completely bipartisan, five Republicans and five Democrats. If any matter were to come before the Ethics Committee, we would go at it. I think all of that should be made public moving forward. And I believe transparency is the best way to proceed regarding these matters."

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Americans shouldn't pay "taxes on taxes," and that's what will happen if Congress passes a tax reform bill that eliminates deductions for state and local taxes (SALT), Rep. Leonard Lance, who represents the high-tax state of New Jersey, said Wednesday.
leonard lance, salt, state and local taxes, tax reform
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2017-16-22
Wednesday, 22 November 2017 12:16 PM
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