Top House Republican expects deal to keep limited state and local tax deduction
by Jim Puzzanghera, Los Angeles Times
Oct 25, 2017
4 minutes
WASHINGTON - A top House Republican said Wednesday that he expected to strike a deal soon to keep an apparently limited version of the state and local tax deduction for individual Americans, a break that party leaders had targeted for elimination in their tax overhaul plan.
House Ways and Means Committee Chairman Kevin Brady, R-Texas, indicated the deal would involve allowing individuals to write off property taxes but not state and local income or sales taxes.
Brady, whose committee is writing the tax legislation, also confirmed that the bill would not make any changes to the ability
You’re reading a preview, subscribe to read more.
Start your free 30 days