Gov. Rick Perry issued the following statement today on the vote by the U.S. House of Representatives to restore Texans' and others' ability to deduct sales taxes on federal income tax returns.
"Today's action by the U.S. House is welcome news for Texans and residents of six other states who for too long have paid an unfair tax burden," Perry said. "Since 1986, Texas taxpayers have been punished because of their fiscal responsibility and lack of a state income tax. By allowing taxpayers the right to choose whether to deduct state and local income taxes or sales taxes from their federal income taxes, Texas taxpayers will no longer be unduly burdened.
"By some estimates, this measure will mean Texans can save about $1 billion a year. As this bill heads to a conference committee, I encourage Congress to see that the federal government returns hard-earned money to American taxpayers."