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Brady Statement on Treasury, IRS Notice Regarding SALT Deduction

May 23, 2018

Washington, D.C. – Today, House Ways and Means Chairman Kevin Brady (R-TX) released the following statement after the Treasury Department and the Internal Revenue Service (IRS) released a notice aimed at states that are trying to circumvent the modifications made to the state and local tax (SALT) deduction as a result of the Tax Cuts and Jobs Act:

“Our new pro-growth tax code is putting more money into the pockets of workers and families nationwide. It’s unfortunate that some politicians are still trying to discredit this new economic momentum in defense of high taxes and stagnant growth. I applaud the Administration for responding to these gimmicks. There are many mayors and governors who do a good job of balancing budgets and creating jobs in their communities without high taxes, and I encourage those few states that are trying to undermine our growing economy to instead focus on how they can lower their own taxes on their constituents and keep moving our economy forward.”