Washington, D.C. - A bill spearheaded by U.S. Congressman Kevin Brady (R-The Woodlands) giving families in Texas and seven other states without state income taxes the option to deduct their state and local sales taxes from their federal tax bill passed the House of Representatives tonight as a part of the final conference report for the American Jobs Creation Act, H.R. 4520.
Congressman Brady, majority deputy whip and a member of the House Ways and Means Committee issued the following statement:
“The House has done its job to restore sales tax fairness”, said Brady.
“After 18 years of discrimination against sales tax states, all that stands between middle-class tax relief and the President’s desk is the Senate. I urge them to act now to lift the burden of sales taxes from Texas families.”
The measure would save Texas taxpayers an estimated $1 billion a year, an economic boost that would create 16,500 new jobs – enough to fill nearly every seat in the Toyota basketball arena with a new Texas worker.