“It’s something I’m obviously very sensitive to coming from a high tax state,” said Representative Tom Reed, who represents upstate New York. "People have made it very clear to me, from New York that the property tax burden is huge and this is something that’s very important to them.”
Still, he said, “I’m keeping an open mind as we go through tax reform.”
New Yorkers claimed $68 billion in itemized deductions for state and local taxes in 2014, according to an analysis by the conservative Empire Center for Public Policy. The average deduction in New York for state and local taxes was $21,038 that year.
Asked Thursday about Trump’s plan to scrap the state and local tax deduction, House Ways and Means tax subcommittee chairman Peter Roskam, an Illinois Republican, made no promises.
"We’re going to look at all that," he said.
This article was provided by Bloomberg News.