Sherman Oaks, CA – The United Chambers of Commerce passed three motions expressing conditional support for Congress’ current efforts to reform the Federal tax code. The motions expressed support for tax reform, provided it:
- Maintained the property tax deduction
- Preserved the home mortgage deduction
- Included full deduction of state and local taxes
The first motion stated that the United Chambers “supports preservation of the property tax deduction on any tax reform bill.” The motion followed wide-ranging and animated discussion about the pros and cons of the tax reform bills currently being debated in the United States House and Senate. The discussion included an outline, provided by former United Chambers President, Mel Wilson, of many of the implications of the tax reform as it currently stands. The motion passed by a vote of 13-1, with 3 abstentions.
The second motion supported “preservation of the home mortgage deduction in any tax reform bills.” The second motion passed by a vote of 13-0, with 2 abstentions.
The final motion stated that “United Chambers supports tax reform including full deduction of State and Local taxes, home mortgage, and property tax deductions.” The final motion passed by a vote of 6-4, with 4 abstentions.
The United Chambers of the San Fernando Valley and Region is a coalition of 32 business organizations including 18 Member Chambers, representing over 21,000 businesses that provide over 387,000 jobs. United Chambers deals with Valley-wide, County-wide and Regional issues and promotes the San Fernando Valley’s overall welfare, progress and economic prosperity.