Officials meet senators on tax bill
WASHINGTON (AP) Top administration officials met privately with Republican senators Wednesday as Senate GOP tax writers put finishing touches on their high-stakes bill cutting levies on people and corporations and reshaping the federal tax code.
A day before Senate Finance Committee Chairman Orrin Hatch, R-Utah, planned to unveil the legislation, some of its most basic contours seemed set while others seemed in flux.
As leaders hunted for ways to pay for their tax cuts, Sen. David Perdue, R-Ga., said the measure would fully eliminate the deduction people can take for state and local property, income and sales taxes. The House version would retain the deduction only for property taxes and cap that at $10,000, drawing opposition from GOP lawmakers from states with high local taxes like New York and New Jersey.