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I wrote an op-ed in the Press Enterprise earlier this week about delivering much needed tax relief to Riverside County taxpayers.
Here is an excerpt from the op-ed:
Voters delivered a mandate to Republicans last November to extend and enhance the 2017 tax cuts – and that’s exactly what we’ve done. We didn’t just change the expiration date; we added substantial tax savings for Americans on many fronts. One of the most popular provisions from our 2017 tax cuts was the doubling of the child tax credit from $1,000 to $2,000 per child. Instead of allowing it to return to $1,000 per child, we have now permanently increased the tax credit to $2,200 per child.
On top of lower tax rates allowing Americans to keep more of their hard-earned money, millions of workers will also benefit from new provisions honoring President Trump’s ‘no tax on tips’ and ‘no tax on overtime’ campaign pledges. Workers will be able deduct up to $25,000 in tips and up to $12,500 in overtime income earned on their taxes. Workers in Southern California’s hospitality and service industries will benefit tremendously from these new tax cuts, especially during the World Cup in 2026 and Olympics in 2028.
Another provision that will provide particular relief for Californians is an expansion of the state and local tax, or SALT, deduction. Our bill lifts the existing $10,000 SALT deduction cap up to $40,000. By quadrupling the SALT deduction, we are helping taxpayers in high tax states run by Democrats, like California, from effectively paying tax twice on their income.
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