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WASHINGTON, D.C. – Americans Against Double Taxation (AADT) today issued the following statement in reaction to a Bloomberg report that Ways and Means Chairman Rep. Kevin Brady will propose to eliminate deductions for state and local income and sales taxes, while preserving a deduction for property taxes:
“Chairman Brady’s partial elimination plan for the state and local tax (SALT) deduction would insert the heavy hand of Washington into state and local finance decisions, dictate winners and losers among states, and unfairly penalize taxpayers in states that rely significantly on income taxes. We will vigorously oppose this plan and continue to work for the preservation of the full state and local tax deduction, which has stood for more than 100 years.”
The Coalition noted that Chairman Brady’s home state of Texas has no income tax and is one of the most property tax-dependent states in the country.
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About Americans Against Double Taxation
Americans Against Double Taxation is a coalition of state and local government organizations, service providers and other stakeholders dedicated to protecting the state and local tax deduction (SALT), a federal tax deduction claimed by 44 million American taxpayers that supports vital investments in infrastructure, public safety, home ownership and education. SALT maintains carefully balanced fiscal federalism by allowing state and local governments to support state and local services. Any limitations, restrictions or changes to SALT would subject SALT to continued erosion and put vital public services at risk. For more information, visit AmericansAgainstDoubleTaxation.org.