Partisan Sparks Fly at Ways and Means Tax Markup

The following article by Ryan McCrimmon was posted on the Rollcall website November 6, 2017:

California Democrat Mike Thompson calls a bill provision “cruel” and “heartless”

Ways and Means Chairman Kevin Brady sits in front of tax code volumes during a Monday committee markup of the House Republicans’ tax plan. (Tom Williams/CQ Roll Call)

The fireworks started early at a Ways and Means Committee markup Monday of the House Republican tax plan, as a top Democrat slammed a provision that would end certain tax write-offs for properties damaged by fires.

California Rep. Mike Thompson said the sweeping legislation was “cruel” and “heartless” for repealing such tax benefits for his constituents in Northern California, where devastating wildfires burned through parts of Sonoma, Napa and Yuba counties in early October and elsewhere in the state. He pointed out that victims of recent hurricanes in Texas, Florida and other states would be grandfathered in and be able to deduct some of their uninsured property losses.

“I’ve got 9,000 people who had their homes burned to the ground,” Thompson said. “You’re pulling the rug right out from underneath them.” Continue reading “Partisan Sparks Fly at Ways and Means Tax Markup”