How scrapping the local tax deduction would impact Travis County
AUSTIN (KXAN) – President Trump and Congressional Republicans are ramping up their efforts to simplify the tax code and reduce tax rates across the country. One aspect of the debate centers on getting rid of local and state tax deductions.
If those deductions were scrapped, it’s estimated the United States would gain $1.3 trillion dollars over the next 10 years. Republicans would then lower taxes across the board with those savings, according to some proposals.
According to the lates
Read more »