Senior U.S. Republican to target state, local tax deduction

[Eugene]

Source: Reuters

Senior U.S. Republican to target state, local tax deduction

By Kim Dixon
WASHINGTON | Fri Sep 20, 2013 10:12am EDT

(Reuters) - The U.S. Congress' top Republican tax law writer is drawing up a plan to rewrite the tax code and is likely to recommend repeal of a popular and costly federal tax deduction for state and local taxes paid, congressional aides said.

Expected to unveil his plan soon, House of Representatives Ways and Means Committee Chairman Dave Camp is pushing forward with the idea of a tax code overhaul despite expectations that this Congress is too fractured to take on such a big project.

With lawmakers faced off across a deep partisan fiscal divide, Camp's determination to proceed reflects a personal conviction that the tax code badly needs work.

Whatever plan he draws up could be a starting point for future discussions. Camp, through a spokeswoman, declined to comment for this story.

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Read more: http://www.reuters.com/article/2013/09/20/us-usa-tax-state-idUSBRE98J0HT20130920

[apnu]

1. Did a pig fly by my window? A Republican wants to raise taxes?

That's how I read it. Using GOP logic, removing any deduction is a 'tax hike.'

[hedgehog]

2. It punishes people in states like New York for taxing themselves to pay

for things like schools and roads.

[tokenlib]

3. Dave Camp has always been an ass..the representative from Dow Chemical...

Any tax "reform" from these people will not help the 99%...