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Federal and County Relations
Property, income and sales taxes would be covered under the emerging plan, which would differ sharply from current law.
But Republican negotiators in the House and Senate were mum Tuesday on specifics that could affect states and localities.
GOP leaders in the House and Senate have voiced an openness to including a limited deduction for state and local income taxes as they move toward finalizing their tax code rewrite.
An adviser to the president last week offered an update on the Trump administration's forthcoming infrastructure plan.
The legislation passed 51-49, without Democratic support. One credit rating agency described the bill as "negative overall for state and local government finances."
The state and local tax deduction remains a marquee item. But there are also notable amendments filed involving tax credits, marijuana and municipal bonds.
Sen. Susan Collins is proposing to change state and local tax deduction provisions in the bill to mirror House legislation.
GOP tax legislation in the Senate could get a floor vote before the end of the week.
“It's a huge burden,” the executive director of the National Conference on Public Employee Retirement Systems said as he discussed the tax proposal.
But there aren’t huge boosts in the appropriations proposal either for programs that are significant for states and localities.
Whether representing a booming urban center, a ritzy suburb, a steel town struggling for growth, or an overtaxed collar county of Chicago, local officials are concerned about the GOP tax plan.
An adviser to the president offered insight Wednesday into the White House strategy for places with distressed economies.
Affordable housing advocates endorsed the changes. But they also continued to voice worries about the fate of private activity bonds.
Republicans in the chamber unveiled a tax overhaul proposal that deviates from House legislation in other areas as well.
“They have the authority, but I don’t know if they have the political interest,” said the National Digital Inclusion Alliance's director during Senate Commerce subcommittee questioning.
Republican lawmakers on Thursday introduced their sweeping proposal to rewrite the U.S. tax code.
House Republicans are set to unveil their tax plan this week. Retaining a deduction for state and local property taxes promises to change the math.
U.S. Rep. Kevin Brady's comments have implications for the fate of the state and local tax deduction, or SALT, as the Republican push to rewrite the nation's tax code continues.
“We’re pleased to see that the administration is calling attention to the opioid epidemic, but we are concerned that this comes without any new resources,” according to NACCHO interim director Laura Hanen.
The agency also announced it will funnel about $58 million to the state of Texas to help with Hurricane Harvey recovery efforts.
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