WASHINGTON, DC – Congressman Steny H. Hoyer (MD-05) released the following statement today after the Institute on Taxation and Economic Policy (ITEP) released a report detailing how taxpayers in four states, including Maryland, will pay significantly more in federal income tax under the House Republican tax bill:
“Today’s analysis by the Institute on Taxation and Economic Policy (ITEP) puts into perspective the overwhelmingly negative affect the House Republican tax bill would have on Marylanders. While the bill would raise taxes on 36 million middle class families nationwide, once it is fully implemented it would disproportionately hurt families in our state, forcing them to pay $430 million more in personal income tax annually.
“It’s inexcusable that Republicans in Congress would seek to raise taxes on hardworking families in Maryland while at the same time cutting taxes on the wealthiest Americans – all while adding $1.7 trillion to the debt. I will continue to urge my Republican colleagues to abandon their partisan tax bill and instead work with Democrats on a bipartisan bill that doesn’t raise taxes on middle class families or explode the deficit.”