Now is the time to let your senators and representatives know that you oppose elimination of the SALT deduction and that they should vote against any tax proposal that would do this. Over the next weeks and months, Congress will be debating legislation to “reform” the nation’s tax system. That debate will focus on many things, including corporate taxes, inheritance tax, individual tax brackets, and charitable tax deductions, among others. But none of the debates may prove as important to states, counties, cities, and towns as the state and local tax (SALT) deduction, which allows individuals and households to deduct what they pay to states and localities in the form of income, property, and sales taxes from their federal returns. Both the House and Senate are prepared to eliminate some or all of the SALT deduction to make up for revenue losses resulting from proposed cuts to the corporate and… Read More Why the SALT Deduction Matters. Why You Should Save It.
If you watched any of the coverage for Hurricane Harvey at the end of August, you have an idea of the devastation it caused. Hundreds of images filled our television sets and computer screens, from totally submerged apartment buildings to water-filled streets that looked more like canals, not to mention the hundreds of people displaced to shelters. Some areas of Texas received more than 50 inches of rain from the storm. The Houston Chronicle reported that the hurricane broke the record for heaviest rainfall ever logged in the United States during a tropical storm, totaling 64.58 inches in Nederland, Texas. Local, state, and federal officials all agree on one thing: it will take Southeast Texas months, if not years, to fully recover. Local officials and regional councils had pivotal roles to play in the preparation and recovery efforts for Hurricane Harvey. The following sections highlight just some of the actions… Read More Texas Regional Council Preparation and Recovery Efforts for Hurricane Harvey