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We finally got an answer on one of the House GOP tax plan’s biggest questions





kevin brady

  • The House GOP tax bill is set to be approved by the Ways and Means Committee on Thursday.
  • A lingering question had remained over whether state and local taxes could still be deducted by “pass-through” entities under the legislation.
  • The discrepancy in answers from the Ways and Means Committee and the Joint Committee on Taxation appears to have been resolved with a letter from Rep. Kevin Brady.

House Ways and Means Chair Kevin Brady clarified the House Republican tax bill’s position on pass-through entities and the state and local tax deduction in a letter to Democratic Rep. Earl Blumeanauer obtained by the read more >>>

Source:: BusinessInsider.Com

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