Congressman Raja Krishnamoorthi Denounces Budget Resolution Paving Way To Middle-Class Tax Hikes

WASHINGTON, DC – Congressman Raja Krishnamoorthi released the following statement in response to this morning’s passage of the Republican leadership’s budget resolution:

“Today, the House Republican leadership forced through a budget resolution that would blow a $1.5 trillion hole in the deficit while paving the way to a tax plan that would increase taxes on working families while making it harder for them to save for retirement. Fundamentally, this resolution lays the groundwork for the Republican leadership’s plan to raise taxes on millions of Illinois families by thousands of dollars each year through eliminating the deduction for state and local taxes (SALT), while making it harder for them to save for retirement by slashing the cap on their 401(k) contributions. This significantly increases our long-term deficit while making life harder for working families in every state.”