Schumer: Republicans should go back to the drawing board on property tax deductions

Senate Minority Leader Charles SchumerCharles (Chuck) Ellis Schumer Trump is right: The visa lotto has got to go Schumer predicts bipartisan support for passing DACA fix this year No room for amnesty in our government spending bill MORE (D-N.Y.) on Sunday advised Republicans to reconsider their plan to eliminate state and local property tax (SALT) deductions as part of the GOP's final tax-reform bill.

"Republicans should go back to the drawing board and fully restore the SALT deduction," Schumer said in a statement.

The New York lawmaker slammed the Republican plan, saying it would provide tax cuts for wealthy individuals and corporations while cutting tax breaks that provide relief to the middle class.

"The House's so-called 'compromise' would be saying to the middle class 'we'll only chop off four of your fingers instead of all five.' Both the House and the Senate bills would raise taxes on millions of middle-class families, particularly in the suburbs, while providing a huge giveaway to corporations and the wealthy," he continued.

His comments were in response to House Ways and Means Committee Chairman Kevin BradyKevin Patrick Brady Overnight Health Care: Initial Senate tax bill doesn't repeal ObamaCare mandate | 600K sign up for ObamaCare in first four days | Feds crack down on opioid trafficking Overnight Finance: Senate GOP unveils different approach on tax reform | House tax bill heads to floor | House leaders eye vote next week | AT&T denies pressure for CNN sale GOP tax bill clears hurdle, heads to House floor MORE (R-Texas), who said earlier in the day that he will not support the "total" elimination of the deductions.

Brady pledged on “Fox News Sunday” that his conference will not agree to a version of the bill that would completely eliminate such deductions, after Schumer warned it would be their "political doom" if they did.

The Senate version of tax reform would eliminate all property tax deductions, while the House measure would allow $10,000 in deductions.

Last week, Brady's committee passed the House tax-reform bill after a contentious markup process. Democrats voiced their opposition to the proposal, blasting it as a plan that will ultimately hurt the middle class.

Let's block ads! (Why?)