News 

Trump has no preference on property tax breaks: Conway

“The House bill would cut other deductions, but would allow property tax deductions of up to $10,000” writes Cbrodesser Njadvancemedia Com for nj.com. While both tax reform bills would cut federal taxes and eliminate the deduction for state income taxes, the Senate version would also kill the property tax deduction.”The White House does not have a preference in either bill,” said Conway, speaking to reporters after a noontime tax reform round-table at Papa’s Tomato Pies restaurant.While Trump’s tax reform proposal would cut taxes at all income levels, the largest benefits, in dollar and percentage terms, would go to the highest-income households.Conway also wouldn’t directly say if she has advised the president on whether or not he should end federal income-tax deductions for state and local taxes.
 
Source: nj.com



Share This:

Related posts