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Faso negotiating to keep tax break

Oct 13, 2017 2:13 pm
Sahil Kapur at Bloomberg Politics reports Rep. John Faso (R-Kinderhook) is negotiating with House Republican leaders to keep the state and local tax deduction in the GOP tax cut proposal. “We’re narrowing options and they’re paying attention to us,” Faso said after leaving the meeting in House Speaker Paul Ryan’s office. “A lot of work has to be done.” The initial Republican proposal calls for eliminating the tax breaks, which would raise taxes for all New Yorkers. Faso said the Republicans may instead limit the tax break to people who earn under a certain amount, perhaps to adjusted gross incomes of $400,000. Read the full story at Bloomberg Politics.