Assemblymember Sebastian Ridley-Thomas Releases Statement on Federal Tax Reform Proposal
SACRAMENTO- Assemblymember Sebastian Ridley-Thomas released the following statement at the announcement of the federal tax reform proposal:
Our primary focus is on a fair tax system that supports economic growth, reduces income inequality and benefits taxpayers. Multiple plans are forming, but chief priorities for the vitality of the Golden States’ economy are keeping the federal deductions Californians enjoy in their payment of state and local taxes (SALT) and continued authorization for tax exempt public debt.
The California impacts and benefits of federal decisions on the enactment of a destination-based cash flow tax (border adjustment), repatriation, the elimination of the alternative minimum tax, and simplification of tax filing documents are being scrutinized. In the immediate future, we will begin discussions about California’s goals in a tax overhaul proposal and how any changes must benefit working people, enterprise, and opportunity in the Golden State.
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About the 54th Assembly District
California's 54th Assembly District encompasses the City of Culver City and unincorporated Ladera Heights, and the Los Angeles communities of Mar Vista, Palms, Westwood, Cheviot Hills, Beverlywood, Faircrest Heights, Century City, Holmby Hills, Mid City, Lafayette Square, Baldwin Hills, View Park, Windsor Hills, Jefferson Park, Leimert Park Wellington Square, Hyde Park, West Adams, Jefferson Park, Portions of the City in Inglewood, Crenshaw Manor, Baldwin Vista, Village Green, Country Club Park, Arlington Heights, Baldwin Village and Olympic Park