U.S. Rep. Shelley Berkley, D-Nev., says she plans to introduce a bill to protect the deduction for state sales taxes, since Congress has failed to extend the tax break that expired at the end of 2011, according to published reports.

The measure would cost $37.1 billion over 10 years, but Berkley told the Las Vegas Review Journal that she would pay for the bill “by ending taxpayer giveaways to big oil.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.