Pages

Saturday, September 30, 2017

Many irked by Trump’s plan to end state/local deduction on federal tax

WASHINGTON — At a rollout last week in Indianapolis, President Donald Trump called his tax reform package “a once-in-a-generation opportunity,” and said, “I’ve been waiting for this a long time.’’ But if Connecticut has anything to say about it, Trump will be in for a much longer wait. The state might be divided on certain elements of the proposal, such as cutting the top rate to 35 percent, the corporate rate to 20 percent or “pass-throughs’’ to 25 percent. But business and political leaders across the spectrum are united in opposition to one major element: eliminating the deduction for payments of state and local taxes.

from News http://www.ctpost.com/local/article/Many-irked-by-Trump-s-plan-to-end-state-local-12243284.php

No comments:

Post a Comment

Stratford to delay revaluation to next year, giving property owners a potential tax reprieve

Stratford homeowners will get a one-year reprieve on a potential increase in property taxes after town officials opted to delay the revaluat...