WASHINGTON (AP) – The Latest on President Donald Trump’s tax overhaul plan (all times local):
10:35 a.m.
House Speaker Paul Ryan is lashing out at states like California, New York and New Jersey, saying the federal deduction for state and local taxes has forced the rest of the country to prop up their high taxes and reckless spending.
Ryan was defending the new Republican tax proposal to eliminate the popular state-local tax deduction, a move that’s angered GOP lawmakers from those states and made them balk at supporting the tax plan. The deduction is claimed by around 44 million people and costs the government an estimated $1.3 trillion in lost revenue over 10 years.
Ryan says, “States that got their act together are paying for states that didn’t.” The Wisconsin lawmaker was speaking to the conservative Heritage Foundation. He says the rest of the country is “propping up profligate, big-government states.”