With the Senate GOP's unveiling of its tax plan, key differences with the House version became apparent. The Senate plan eliminates all such state and local deductions, while the House proposal retains property tax deductions up to $10,000. As a trade-off, the Senate version would preserve other popular deductions targeted for removal in the House plan, such as for medical expenses. “It is disappointing that the draft Senate bill is likely to completely eliminate [state and local tax deductions]. The Senate plan did not include a repeal of the requirement under the Affordable Care Act that individuals have healthcare insurance.

Source: Los Angeles Times November 09, 2017 16:37 UTC