We finally got an answer on one of the House GOP tax plan’s biggest questions
|11/09/2017||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>