Congressman Paul Joins
with 72 Other Members to Demand Tax Fairness for His State
October
29, 2007
Washington,
DC
- Congressman Ron Paul
has signed on to a letter directed to the
leadership of the
House Ways
and Means Committee asking them to continue allowing sales taxes to be
deductible on Federal Income Tax returns. This
deduction is set to expire at the end of this year.
State income taxes are
deductible on federal income tax returns, however
Texas
and six other states do not have a state income tax, relying instead on sales
taxes for revenue. This puts
residents of these states on unequal footing if the sales tax deduction is
allowed to expire.
“While my long term goal is
to make the sales tax deduction permanent, even an extension would be a victory
for taxpayers in
Texas
,” stated the Congressman.
Congressman Ron Paul is
fighting for this deduction to be renewed either long-term or permanently for
tax fairness in
Texas
. In addition to signing on to this
letter, he has cosponsored HR 60, which calls for the sales tax deduction to be
made permanent, and HR 3680 which extends it for another year.