First GOP Tax Reform Feud Erupts Over State, Local Tax Break

First GOP Tax Reform Feud Erupts Over State, Local Tax Break

“The tax benefit provided $338 billion in deductions in 2015, making it the most widely claimed itemized deduction that year, according to the most recently available IRS statistics. Fully repealing it would raise $1.4 trillion in revenue over a decade, according to an estimate by Alex Brill of the conservative-leaning American Enterprise Institute.”