BOSTON (AP) - Republican Gov. Charlie Baker has “serious concerns” about the potential impact that eliminating the federal deduction for local and state taxes would have on Massachusetts residents.
That’s according to a spokesman for the governor, who added that Baker expects Congress to carefully vet the tax overhaul bill as it moves forward.
A version of the tax legislation unveiled by Senate Republicans on Thursday would eliminate popular deductions for state and local taxes, while keeping in place the current deduction for mortgage interest.
People were interested in these podcasts
A House GOP bill includes a compromise that would cap property tax deductions at $10,000 and limit mortgage deductions to loans of up to $500,000.
Eliminating the deduction for local taxes has met with fierce opposition from lawmakers in other Northeastern states, including New York and New Jersey.
Please read our comment policy before commenting.