Tags: Trump Tax Reform | kevin brady | salt | state | local tax deductions | will be allowed | final tax plan

GOP Rep. Brady Guarantees State, Local Deductions Won't Be Eliminated

(Fox News' "Fox News Sunday")

By    |   Sunday, 12 Nov 2017 12:07 PM

The House tax reform plan to keep state and local tax deductions is going to win out over the Senate plan to remove them, Chairman of the House Ways and Means Committee, Rep. Kevin Brady, R-Texas, guaranteed Sunday.

"I can, here's why: We want people to keep more of what they earn regardless of wherever they live, including in these high-tax states," Rep. Brady told told "Fox News Sunday" with host Chris Wallace.

Pressed by Wallace on whether the House can win out over the Senate's removal of state and local tax deductions (SALT) for the House plan to keep up to $10,000 of those deductions, Brady said without question, "that's what I'm saying."

"I'm convinced that's where we're going to end up," Brady told Wallace."It's important, Chris, to make sure people keep more of what they earn, even in these high-tax states. What we're working toward, what we're working so carefully with are lawmakers from New York, California, and New Jersey is to make sure we deliver this relief, and I am committed to it."

Wallace also shared the suggestion the Senate plan – despite removing those state and local tax deductions – is better for the middle class than the House one.

"I don't believe so," Brady told Wallace, striking back at analyses from The New York Times and the bipartisan Joint Committee on Taxation suggesting some Americans will actually see tax increases and not cuts.

"I don't, Chris, and here's why: We are both taxing less and we are eliminating a lot of these deductions so we can lower the tax rates for every American, but we're not just stopping there. We're talking about an economy that grows paychecks in ways we haven't seen in almost two decades, if you think about it. That's what helps families the most. They're keeping more of what they earn, their paychecks are finally growing. This economy is finally moving.

"I firmly believe Americans are far better off under tax reform than they ever were sticking with this old, messed up, outdated tax code."

Despite the guarantees on SALT, Rep. Brady would not with 100 percent certainty guarantee the House passing its tax reform bill before Thanksgiving, pivoting to making it a higher priority for the president to have a tax bill on his desk to sign before the end of the year, "not for the Republican Party, but the American people."

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The House tax reform plan to keep state and local tax deductions is going to win out over the Senate plan to remove them, Chairman of the House Ways and Means Committee, Rep. Kevin Brady, R-Texas, guaranteed Sunday."I can, here's why: We want people to keep more of what...
kevin brady, salt, state, local tax deductions, will be allowed, final tax plan
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2017-07-12
Sunday, 12 Nov 2017 12:07 PM
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