Federal Tax Reform Down to the Wire
The federal income tax reform bills could be voted on any day. Unfortunately, the Tax Cuts and Jobs Act, under consideration right now in the Senate, would force cities to do more with less by weakening or eliminating advance refunding and private activity bonds, and historic and new markets tax credits.
Now is the time for Texas city officials to tell the Senate and House that tax expenditures that help cities and working-class families shouldn’t be cut to pay for tax reform.
Our federal tax code is complicated and in need of simplification, but not at the expense of middle-class American families and city budgets. Send a comment to the Senate now and add your name to NLC’s letter to Congress to tell your Senators and Representatives to vote “no” on any tax reform bill that asks America’s cities to do more with less.