Congressman Kenny Marchant (TX-24) and 65 other members of Congress sent a letter t to Chairman Dave Camp and Ranking Member Sander Levin of the House Ways and Means Committee urging for extension of the sales tax deduction set to expire at the end of 2011. Marchant released the following statement:
"At the end of this year the sales tax deduction will expire leaving Texans with a higher, unequal federal tax burden. Residents of "income tax' states are able to deduct their state and local income taxes. It's only fair that Texans should be able to do the same by deducting their state and local sales taxes.
"Since its enactment in 2004, the sales tax deduction has received bipartisan support because of the tax parity it provides to those living in states without an income tax. I've joined my colleagues in urging the sales tax deduction be extended before year's end. The certainty from a swift extension is vital for continued economic growth and job creation among Texas' families."
According to the Texas Comptroller, the sales tax deduction saves Texans about $1.2 billion per year. As a cosponsor of H.R. 476, Congressman Marchant supports making the state and local sales tax deduction permanent.
A copy of the letter to Chairman Camp and Ranking Member Levin is available on Congressman Marchant's website: