Business Insider -
2 Nov 2017 17:09

Reuters The House GOP unveiled its massive tax reform bill Thursday. One of the biggest hangups for Republicans in states like New York, New Jersey, and New York has been the proposed elimination of the state and local tax (SALT) deduction, which allows people to deduct those taxes from their federal bill. House Ways and MeansCommittee Chair Kevin Bradysaid Tuesdaythe GOP reached a deal thatwould allow people to deduct state and local property taxes up to $10,000 but not incomeor sales taxes. Th...
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