U.S. Markets

U.S. House tax chief says SALT deduction meeting ends without compromise

Chairman of the House Ways and Means Committee Kevin Brady (R-TX) listens as U.S. President Donald Trump speaks during a meeting with Republican Congressional leaders about tax reform at the White House in Washington, U.S., September 5, 2017. REUTERS/Joshua Roberts

WASHINGTON (Reuters) - A key meeting between Republicans in the U.S. House of Representatives ended on Thursday without a compromise on a proposal to eliminate a popular deduction for state and local taxes, the top House tax writer told reporters.

“I’m going to stay at the table and so is the leadership ... to try to find a solution,” U.S. House Ways and Means Committee Chairman Kevin Brady said after a dozen Republicans from states that oppose the deduction’s elimination voted against a key budget measure to advance tax reform.

“They made it clear. They need this problem solved before they vote ‘yes’ on tax reform,” he added.

Reporting by David Morgan; Editing by Chizu Nomiyama