Tag: state and local tax deduction

Don’t Make Cities and Towns Shoulder the Cost of Tax Reform

This is a guest post by Sam Mamet, executive director of the Colorado Municipal League. Back in the day, when I was still lobbying for the Colorado Municipal League under the Gold Dome of our state capitol, there was an old parlor game I used to have to play. It was called “Shift and Shaft.”

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Senate Plan Threatens State and Local Tax Deduction

Thursday evening, the Senate passed the FY2018 Budget reconciliation spending blueprint, paving the way for a potential $1.5 trillion tax cut. In a misguided effort to provide a pay for an ambition tax reform plan yet to be seen, Senator Shelley Moore Capito (W.Va.) proposed an amendment that opens the door to a cap or

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Five Things City Leaders Should Know About Tax Reform

This week, the “Big 6” tax negotiators comprised of leadership from the House, Senate and Administration, released its highly anticipated tax framework. The plan was a slightly updated version of the outline we saw in April. While the new document does provide some answers for cities, many unknowns still remain. Little has changed since the

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Local Leaders Take a Stand for the State and Local Tax Deduction

This post was co-authored by Brett Bolton and Will Downie. City and county leaders took to Capitol Hill this week to discuss a critical but often overlooked part of the federal tax code: the state and local tax deduction (SALT). The deduction plays a critical role in helping cities provide vital services such as healthcare,

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Tax Reform: Growing the Economy Starts with Cities

This week, the Trump Administration released its tax reform plan, billed as “the biggest tax cut and largest tax reform in our history.” If fully implemented, the plan would have lasting impacts on every sector of American life, including cities. The National League of Cities (NLC) recognizes the need for comprehensive tax reform. Since the

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