Legislation Eliminates Thousands of Dollars in a Tax Break for Members of Congress
Oct 31 2017
WASHINGTON, D.C. – Today, U.S. Senator Joni Ernst introduced the Stop Questionable, Unnecessary, and Excessive Allowances for Legislators Act, also known as the SQUEAL Act, to cut perks for elected officials and make Washington squeal. This legislation would eliminate a provision of the tax code that allows Members of Congress to deduct, for income tax purposes, up to $3,000 annually in living expenses while in the Washington, D.C. area.
“Iowans sent me to Congress to make Washington, D.C. squeal and that includes eliminating handouts to politicians,” said Senator Ernst. “To achieve the ultimate goal of lowering tax rates for hardworking families and businesses, Congress is going to have to eliminate various loopholes and deductions in our outdated tax code. Congress should lead by example and offer up its own unnecessary tax break.”
About the SQUEAL Act:
Since elected to Congress, Senator Ernst has worked to identify areas of reckless spending in the federal government, and looked for solutions to reduce our nation’s $20 trillion debt. Most recently, the Senator reintroduced the Presidential Allowance Modernization Act of 2017 to cut the perks received by former presidents.
Read the full text of Senator Ernst’s SQUEAL Act here.