Dow Jones, a News Corp company
News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services
One idea is to maintain the deduction for households below a certain income level
WASHINGTON—House Republicans are moving toward an agreement that preserves part of the federal deduction for state and local taxes, backing away from a controversial initial plan announced last month to abolish it entirely.
The aim, lawmakers say, is to focus on keeping the break for middle-income households while repealing it for higher-income households.