Trump's Tax Will Hurt New Jersey More Than Anybody, Report Says - Patch.com

A new report says that nearly half of New Jersey's counties will suffer the most under Donald Trump's tax plan. 0. By Tom Davis (Patch Staff) - Updated Oct 4, 2017 10:26 am ET. 0. Trump's Tax Will Hurt New Jersey More Than Anybody, Report Says ...

Reagan's Argument for Eliminating the State and Local Tax Deduction - National Review

You'll recall that I'm wary about the GOP proposal to eliminate the federal tax deduction for state and local taxes. I argued it amounts to a punishment for a lot of people who voted for Trump in places like New York, New Jersey, and California. I ...

Swing State Republicans Concerned Over GOP Tax Reform - Newsmax

A provision in the Republican tax reform plan is concerning for a number of Republicans in swing states, who have warned that they will oppose the GOP plan if it is included. The plan would raise $1.3 trillion over 10 years by eliminating a deduction ...

Republicans consider keeping the state and local tax deduction as they search for votes for overhaul - Los Angeles Times

Congressional Republicans are considering keeping the state and local tax deduction in some form as part of the party's tax overhaul to avoid losing votes of lawmakers from California and other states that have large numbers of residents who use the break.

Republicans rethink full repeal of property tax deductions amid backlash - Fox News

Rep. Mark Meadows (R-N.C.) discusses whether Congress will be able to pass President Trump's tax reform plan amid two ongoing tragedies in Las Vegas and Puerto Rico. Republican lawmakers are reconsidering a call in their new tax reform plan to ...

Trump says property tax deduction has rest of America subsidizing NJ He's wrong. - NJ.com

WASHINGTON -- Supporters of President Donald Trump's proposal to end the federal tax deduction for state and local income and property taxes insist that the break is a subsidy for states like New Jersey at the expense of others. That's not true ...

How GOP districts fare if a tax deduction is eliminated - Axios

One of the biggest revenue-raisers of the Republican tax plan is the elimination of the deduction for state and local taxes. But it's not just blue districts that benefit from this — many GOP districts in states like California, New York and New ...

Swing-seat Republicans squirm over GOP tax plan - The Hill

Republicans are feeling antsy over a key provision in their tax plan that could put some of the party's most vulnerable members in the House in deeper jeopardy. The GOP tax plan would raise $1.3 trillion over the next decade by eliminating a deduction ...

Taxing dollars already taxed by states won't happen - The Exponent Telegram (press release)

Nice try, Republicans. You'd like to end the federal deduction for state and local taxes. That would stick the expensive-to-live-in blue states with more of the nation's bills. It would amount to taxing income that has already gone to taxes. Not gonna ...

GOP leaders consider changing state tax break - Santa Fe New Mexican

Republican leaders are considering putting limits on the $1.3 trillion state and local tax deduction — instead of eliminating it — in order to secure votes from members in the hardest-hit states. House Ways and Means Chairman Kevin Brady discussed ...

Republicans Are Reconsidering Full Repeal of State and Local Tax Deduction - New York Times

Representative Kevin Brady, Republican of Texas and chairman of the Ways and Means Committee, acknowledged that full repeal of the popular state and local tax deduction would be a “nonstarter” with many Republicans in Congress. Credit Al Drago for ...

Key lobby drops demand for US mortgage interest tax deduction - The Fiscal Times

WASHINGTON (Reuters) - The trade group representing U.S. homebuilders has abandoned its demand that a new version of the tax code include a mortgage interest deduction, signaling on Tuesday that it would consider alternatives to boost home ...

Home Builders soften stance on mortgage interest deduction - National Mortgage News

WASHINGTON — The National Association of Home Builders is backing off of long held support for the mortgage interest deduction in hopes that the Trump administration can deliver on its promise of lower taxes. “This is an internal shift for us,” said ...

Homebuilders open door to changing mortgage interest deduction - Washington Examiner

A major housing industry group said it is open to the possibility of Republicans changing one of the sector's most cherished tax breaks: the deduction for mortgage interest. The National Association of Homebuilders voted Tuesday to revise its policy on ...

US Realtors, Homebuilders Split On US Tax Reform - Tax-news.com

The US tax reform blueprint announced on September 27 has split the US real estate industry into two camps: with home builders bullish on plans for lower business rates and real estate agents warning the changes could "all but nullify the incentive to ...

Tax Overhaul and Housing: The Journey Begins - Builder Magazine

The NAHB takes a constructive approach to work ahead on the mortgage interest deduction and housing support. By John McManus. Home Building's Welfare State image. The tax code overhaul journey has begun. The President and Republican leaders put ...

Mortgage tax fight tests clout of home industry - The Hill

The power of the real estate and home building industries is being put to the test in a fight with Republicans over a key tax break for homebuyers — the mortgage interest deduction. The National Association of Realtors and the National Association of ...