Key GOP chairman: House will not accept 'total elimination' of property tax deductions

Key GOP chairman: House will not accept 'total elimination' of property tax deductions
© Greg Nash

House Ways and Means Committee Chairman Kevin BradyKevin Patrick BradyTreasury to miss Dem deadline for Trump tax returns Treasury expected to miss Dem deadline on Trump tax returns Mnuchin tells Congress it's 'premature' to talk about Trump tax returns decision MORE (R-Texas) said Sunday the lower chamber will not accept the total elimination of state and local property tax deductions as part of the final tax-reform bill.

When asked by host Chris Wallace on “Fox News Sunday” whether he can "guarantee" that "total elimination" will not be included, Brady responded, "I can."

ADVERTISEMENT
“I’m convinced that this is where we will end up,” the Texas lawmaker said, adding that it is important that Americans keep more of what they earn. 

Wallace again pressed Brady, asking if the chairman is saying the House won’t accept total elimination.

“That’s what I’m saying," Brady responded.

The Senate version of tax reform would eliminate all property tax deductions while the House measure would allow $10,000 in deductions.

Brady's response on Sunday comes after Senate Minority Leader Charles Schumer (D-N.Y.) warned that Republicans could be facing their "political doom" if they eliminate such deductions. 

Brady also said on Sunday that he believes the House will pass its tax plan by Thanksgiving.

“I believe there’s strong support for this. Our Republicans in the House know that it’s time to deliver,” he said. “That’s exactly what we’re going to do.”

Last week, Brady's committee passed the House tax-reform bill after a contentious markup process. Democrats slammed the proposal, saying it provides tax cuts for wealthy individuals and corporations while cutting tax breaks for the middle class.