According to Feinstein, putting a cap on mortgage interest deduction “could create a huge barrier to home ownership. It could also reduce the existing home values across the country.
In addition, Feinstein noted that five million households in California claimed the SALT deductions on their tax returns in 2015. She stressed that ending this important deduction for the middle-class could lead to reduction of critical state and local services.”
Furthermore, Feinstein said, “This bill would harm families and is a non-starter for me.” She promised, “I’ll fight to defeat it in the Senate.”
Pelosi says GOP tax plan will plunder the middle-class
On the other hand, Pelosi called California Republicans members of the House as “lemmings” lining up to support the tax legislation.
In a statement, House Pelosi said the GOP tax plan is “devastating” for California. Her concerns about the bill are similar to Feinstein’s.
According to her, Republican lawmakers from California went “straight down the line like lemmings to the sea to vote against the interest of their constituents, against the interest of our state.”
