Tonight, Speaker Ryan is in NoVa trying to sell his snake oil tax plan that would be devastating to Northern Virginia families and our local economy. Here are some inconvenient facts:
Fact: #VA10, where Speaker Ryan is holding his #TaxTownHall, ranks as the 6th highest congressional district claiming the SALT deduction. 51.7% of VA10 constituents would no longer be able to claim this deduction.
Fact: #VA10 residents would be disproportionately hit by the Trump/Ryan plan that caps mortgage interest deduction. Loudoun County has the largest average deduction in the county at $6,365. washingtonpost.com/news/where-we-…
Fact: Loudoun County, Fairfax County and Falls Church are all in the Top 10 in the country for claiming the mortgage interest deduction according to the Tax Foundation
Fact: The GOP tax plan would eliminate the student loan interest deduction which more than 11.4 million students and parents claimed in 2014. #taxtownhall
Fact: Trump tax plan would eliminate the deduction for medical and dental expenses, which would be catastrophic for the sickest and most vulnerable among us.
In the my district more than 24,000 tax filers claimed medical and dental expenses totaling nearly $259 million.
All of these concerns were highlighted at our round table yesterday. The Trump/Ryan tax plan would be devastating to NoVa families. It’s why I oppose it.