It's taxing | Perry Gershon for Congress
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It's taxing

The results are in, and the 2017 tax code changes were an unfair hit to Long Island families.

The SALT deduction cap's crushing effect on Long Island schools is starting to show. It hurts property values, raises individual federal tax burdens, but also forces local school boards to have to make a tough decision. They either adequately fund schools, or freeze school budgets ignoring inflation, population growth, and the need for new books and after school programs, like sports and clubs. SALT deduction cap needs to be repealed to give the middle class of Long Island a fair shot.

For much of middle-class America, tax burdens increased or remained unchanged, while the wealthiest earners, large corporations, and real estate investment vehicles received the benefits. For example, the loss of the exemption for each household member hurts larger families living under one roof.

It's simple: when income inequality is magnified through changes to the tax code, the tax code is constructed incorrectly.

The 2020 elections will highlight two conflicting visions of taxation:

  1. Democratic efforts to shift more of the burden back to those most able to afford it, and
  2. Republican efforts to preserve the changes made under Trump.

I will not accept a system that allows companies like Amazon to pay zero tax while the hardest workers in America continue to struggle, just to get by.

Our government must be better than that.


Posted on June 18, 2019.

For 25 years, I have been a common-sense businessman — not a career politician — so I look at things differently. I know about fixing dysfunction. It starts with hard work, a commitment to results, and perseverance — not scoring cheap political points. We can work together to provide opportunity and create an economy that works for all of us.

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