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Reagan Tax Plan Sparks partisan tax deduction debate
A new report contends that most middle class Americans would be hurt by eliminating state and local tax deductions. It claims 51 percent of taxpayers itemize, counting joint returns as two and nonpaying filers as non-taxpayers. The coalition backs the plan while Democrats warn of higher elderly taxes and reduced school funding. Republicans argue overall savings could cut rates, with a compromise to drop only state sales tax deductions. Ken Eskey reports from Scripps Howard News Service.
MENTIONED IN THIS ARTICLE
Reagan
Uncle Sam
Washington
Perry Quick
Matthew Coffey
National Association of Counties
Quick
Utah
Maryland
Colorado
Michigan
New York
West Virginia
North Carolina
National Coalition Against
Democrats
James Shannon
Massachusetts
Richard Thronburgh
Pennsylvania
Ohio
Indiana
David Obey
Dwis
Joint Economic Committee
Alaska
Wyoming
Obey
Wisconsin
Ken Eskey
Scripps Howard News Service