To the Editor:

Federal Tax Reform Proposal is a move in the right direction unlike Illinois.

The proposed Federal Tax Reform will greatly help Illinoisans. These reforms are a great part of President Donald Trump’s domestic agenda. Reducing tax rates on private citizens will help families take more control of how their hard earned dollars are spent. By giving people more cash in their pockets to spend, it will help our local economies in our communities in Illinois.

On the individual side, the plan would collapse the tax brackets from seven to three, with tax rates of 12 percent, 25 percent and 35 percent, the president said. This not only simplifies the process but helps the working and middle class. The current top rate is 39.6 percent and the lowest rate is 10 percent. The framework also gives Congress the option of creating a higher, fourth, rate above 35 percent in the tax plan to ensure that the wealthy are paying their fair share.

In Illinois, my colleagues and I have filed legislation to repeal the state’s recent massive permanent income tax hike to help those same hard working individuals. The federal reforms are moving in the right direction and that’s why I support it. We need tax relief and we need it now.

The federal plan aims to simplify and cut taxes for the middle class by doubling the standard deduction to $12,000 for individuals and to $24,000 for married couples filing jointly. That would allow people to avoid a complicated process of itemizing their taxes to claim various credits and deductions. It would increase the child tax credit from $1,000 to an unspecified amount, and create a new $500 tax credit for non-child dependents, such as the elderly to help those who are caretakers.

Many of the fine details are still being worked out but hopefully congress will keep in mind that the reason why we want tax reform and tax relief is not to take away the deductions but to help the working class and the economy.

In addition, the plan will help provide jobs for Americans by taxing companies that have headquarters out of the country. Many corporations have moved their headquarters to avoid the corporate income tax taking away important jobs. If there is no tax benefit to moving corporations out of the country they are more likely to stay.

We need tax relief and this proposal will help taxpayers. Enough is enough, move forward with Federal Tax Reform.

John Cabello

State Representative

68th District

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