County supervisors have asked their lobbying firm in Congress, the Ferguson Group, to keep an eye on Republicans’ “Tax Cuts and Jobs Act.”
Local and state governments have been concerned by the proposal to eliminate the state and local tax, or SALT, deduction in federal taxes, and Loudoun supervisors worried what impact the tax bill will have on Loudoun residents.
“I don’t believe we should use our money to pay taxes on money that we’ve already used to pay taxes to state and local government,” said Vice Chairman Ralph M. Buona (R-Ashburn). “In other words, I give part of my income to Loudoun, and part of my income to Virginia, and then the feds say we’re going to tax you on that money. Well it’s not my money, I already gave it away.”
Supervisor Ron A. Meyer Jr. (R-Broad Run) joined those saying he can support a bill that, overall, brings taxes down.
“I’m OK with eliminating deductions if overall the rates are going to come down,” Meyer said.
And Supervisor Matthew F. Letourneau (R-Dulles) said the bill so far could disproportionately impact Loudouners. He represents Loudoun on the Metropolitan Washington Council of Governments, which unanimously adopted a resolution expressing concern about removing the SALT deducation.
“There are a lot of people in a typical Loudoun situation with a fairly expensive house, and a couple of newer cars,” Letourneau said. “You’re probably going to be net negative on this.”
“There’s a lot of moving parts in that, but what we are interested in—and what I’m interested in—is the bottom line, the end of the computations of all the moving parts,” said Supervisor Geary M. Higgins (R-Catoctin).