Cities Condemn Passage of House Tax Bill
November 17, 2017
November 17, 2017
WASHINGTON, Nov. 17 -- The National League of Cities issued the following news release:
Today the U.S. House of Representatives passed the Tax Cuts and Jobs Act (H.R. 1). The bill introduces a new structure of income tax brackets, a lower corporate tax rate, nearly doubles the standard deduction and limits or eliminates most deductions, including the deductibility of state and local income and sales taxes. In response to today's announcement, National League of Cities (NLC) Presiden . . .
Today the U.S. House of Representatives passed the Tax Cuts and Jobs Act (H.R. 1). The bill introduces a new structure of income tax brackets, a lower corporate tax rate, nearly doubles the standard deduction and limits or eliminates most deductions, including the deductibility of state and local income and sales taxes. In response to today's announcement, National League of Cities (NLC) Presiden . . .