GOP Struggles to Win Over Dissidents on State and Local Tax Break
- Members in high-tax states argue for preserving deduction
- Schumer says Republicans debating ‘unsolvable Rubik’s cube’
IMF's Lagarde Says Hoping for Solid U.S. Tax Reform
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House Republican leaders met Thursday to discuss a possible accommodation for rank-and-file members in high-tax states who want to preserve a tax break for their districts -- an attempt to lift a major barrier to passing a tax overhaul.
“We’re narrowing options and they’re paying attention to us,” Representative John Faso of New York said after leaving the meeting in House Speaker Paul Ryan’s office. Faso added that it’s still too early to know the outcome. “A lot of work has to be done,” he said.