Tags: kevin brady | inaccurate | GOP | state | local | tax breaks

Brady: Inaccurate to Say Deductions for State, Local Taxes Will Stay

Brady: Inaccurate to Say Deductions for State, Local Taxes Will Stay
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By    |   Wednesday, 04 October 2017 01:22 PM

House and Ways Committee Chairman Kevin Brady on Wednesday said it was inaccurate and speculative to conclude that the GOP has decided to keep state and local tax deductions.

A guest on conservative host Hugh Hewitt's radio program, the House's chief tax writer rebuffed reports that Republicans have decided to scrap a repeal to tax breaks used by 40 million Americans — worth $1.3 trillion — that would be used as offsets to pay for massive, across-the-board tax cuts.

"I don't think that's accurate," Brady, R-Texas, told Hewitt.

Brady earlier Wednesday told CNBC that it's just "speculation" at this point.

"Here's what I can confirm, that we are listening to lawmakers, especially those in high tax states, where those governors and those mayors are really putting the screws to hard-working taxpayers."

Brady's comments come amid apprehension from Republican lawmakers in high-tax blue states — namely California, New Jersey, New York — to support a tax plan that does away with the deductions.

"We want to make sure we lower taxes for every American, regardless of where they live. So we've had a series of, I think, eight tax reform dinners where we're listening to members from all states. … And so look, we're going to continue to have those discussions, because boy, they are just, those states, those taxpayers, are really getting hammered," Brady told Hewitt.

"Property taxes are painful. I don't care what state you're in, and they continue to go up. And so that's an area we're listening to lawmakers about," Brady said.

Brady said that "there will be transitions for certain provisions" of the tax plan that would enable Americans to get used to the absence of certain deductions, e.g.

"We're leaving an old clunker of a tax car behind, and moving to a much newer, faster model that almost every economist believes moves the economy much faster than where we're at today. In some provisions, you will want a transition from the old clunker to the new car, but you don't want to transition all the positive growth factors," Brady told Hewitt.

Brady also took a swipe at the Senate, telling Hewitt that there are no roadblocks in the Republican House toward President Donald Trump's agenda.

"I don't see that in the House. There may be those elements among Senate Republicans, which contributed to the healthcare failure, but I will tell you in the House, that's not the case," Brady said.

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House and Ways Committee Chairman Kevin Brady on Wednesday said it was inaccurate and speculative to conclude that the GOP has decided to keep state and local tax deductions.
kevin brady, inaccurate, GOP, state, local, tax breaks
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2017-22-04
Wednesday, 04 October 2017 01:22 PM
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