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Senate panel leans toward partial repeal of state tax deductions
The Senate Finance Committee signals partial repeal of the federal deduction for state and local taxes led by Chairman Robert Packwood. Support exists for preserving mortgage and some local deductions while opposing broad tax-raising measures. Hearings begin this week as negotiators seek a bipartisan bill.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
Robert Packwood
Reagan
Packwood
Treasury
James Baker III
Berkeley Springs
W. Va
Senate
ST Eniow
House
It Committee
Daniel Patrick Moynihan
New York
David Durenberger
R.minn
Baker
Capitol Hill