ANALYSIS: GOP plan will raise taxes on one out of every ten middle class Ohio households by an average of $710

Washington, D.C. – Congresswoman Marcy Kaptur (OH-09), the Dean of the Ohio Delegation, today highlighted a state-by-state assessment, by the non-partisan Institute on Taxation and Economic Policy that shows under the proposed Republican tax plan, 440,000 Ohio households that earn less than $83,750 will see a tax hike averaging $710.

"This Republican Congress is trying to sneak through a tax hike on the middle class, plain and simple," said Kaptur. "President Trump ran on creating jobs, and getting more money into people's paychecks, yet, here we are, handcuffed to the runaway train which is the House Republicans' insistence on cutting taxes for millionaires and corporations."

"This is not what reform looks like. We need to be focused on infrastructure, education, investing in job-creating, clean energy research. Instead, this bill will incentivize big companies to outsource more U.S. jobs. I have seen this show before and I know how it ends," Kaptur continued.

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The ITEP analysis shows that nationally, the GOP proposal will raise taxes on more than 22 million households earning $150,500 or less.

House Republicans are proposing lowering the corporate tax rate from 35 percent to 20 percent and eliminating parts of the state and local income tax deduction, which about one out of every four Ohioans utilize, with an average deduction of $10,444 (more about this can be seen here). The GOP bill imposes a new cap on the mortgage interest deduction that hurts future homebuyers and drives down home values, eliminates the student loan interest deduction and critical job training credits, and eliminate the vital medical expense deduction relied on by families with sick children and by seniors with long-term care needs.

Kaptur is one of the few Members of Congress who voted no on the 1986 tax agreement, citing a deal that contained tax cuts for the rich without any requirements that major corporations do not ship jobs overseas. She called the move "a bad deal then and a bad deal now."

Kaptur is the senior Democrat on the House Appropriations Committee which controls spending.