TAPP Signs Onto Coalition Letter to Congress Opposing Limits on Ability of Businesses to Deduct State & Local Taxes

TAPP Signs Onto Coalition Letter to Congress Opposing Limits on Ability of Businesses to Deduct State & Local Taxes

The Trade Alliance to Promote Prosperity signed onto a coalition letter to Congress, the Treasury Secretary, and the National Economic Council Director opposing limits on the ability of businesses to deduct state and local taxes paid, unless offset dollar for dollar by new, broad-based, and permanent pro-growth tax reforms.

The Center for a Free Economy spearheaded the letter effort.  

Among other points, the letter said, "The challenges businesses face in the current economic environment means that tax hikes on them should be avoided. Tariffs, wild stock and bond market swings, and widespread predictions of a recession mean that now is the wrong time to raise taxes on businesses."

Read the full letter here.