GOP Considers State Tax Break Bargain on Property Levies
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Republican tax writers are considering a compromise measure that would allow individuals to keep deducting the cost of the property taxes they pay while eliminating a larger tax break for their other state and local taxes, according to a GOP member of Congress.
The measure is aimed at appeasing roughly two dozen Republican House members from high-tax areas who have raised concern that eliminating the state and local tax break entirely would hurt taxpayers in their districts. The Congress member who described the proposal asked not to be named because the discussions are private.