House won’t accept tax plan’s elimination of state, local deductions: Brady

The New York Post reports:

The​ powerful ​Republican ​leader of the ​House ​tax​-​writing committee said​ ​​he won’t accept the Senate’s plan to fully eliminate the state and local tax deduction that’s vital to states like New York and New Jersey.

Rep. Kevin Brady (R-Texas), chairman of the House Ways and Means Committee, said he believes the final tax bill will include his compromise to keep some property tax deductions.

“I’m convinced that this is where we’re going to end up,​”​ Brady told “Fox News Sunday.”

State and local tax deductions (SALT) have been a sticking point on tax reform legislation that ​President T​rump wants signed into law this year.


The House is expected to vote on its plan this week that would eliminate the deductibility of all state income and sales taxes, but preserve property tax deductibility capped at $10,000.

Compromise...