The top local stories this morning from ËÄ»¢Ó°Ôº:
U.S. House Republicans yesterday released their long-promised tax reform proposal.
The bill would help the wealthiest Texans by repealing the alternative minimum tax and phasing out the estate tax. For middle-income families, the proposal would double the standard deduction and increase the child tax credit.
But the National Association of Realtors worries about a provision capping property tax deductions at $10,000. The group says doing so would lower home prices and hurt middle class homeowners - and Texas has some of the highest property tax rates in the country.
U.S. Rep. Jeb Hensarling (R-Dallas), who chairs the House Financial Services Committee, told he’s confident the proposal will pass by Thanksgiving.
Other stories this morning:
- Early voting wraps up today for a number of local elections. We run through some of the education issues on Tuesday’s ballot in our
- About 20 miles of Dallas city streets tomorrow morning for the inaugural Dallas Bike Ride.
- Set back your clocks! This weekend is Daylight Savings Time. how to help your body adjust.
You can listen to North Texas stories weekdays at 8:22 a.m. and 6:20 p.m. on ËÄ»¢Ó°Ôº 90.1 FM.
