Concession on property taxes added to House plan
House Ways and Means Chairman Kevin Brady. Photo: Alex Brandon / AP
"Bowing to concerns from Republican House members in high-tax states, the chamber's chief tax writer said he'll preserve a federal income-tax break for property taxes," per Bloomberg's Ben Brody.
- House Ways and Means Chairman Kevin Brady said in a statement Saturday afternoon: "At the urging of lawmakers, we are restoring an itemized property tax deduction to help taxpayers with local tax burdens."