NJ Democrats fail to deliver promised tax relief
For months, members of New Jersey’s congressional delegation have insisted they won’t vote for any spending program that doesn’t restore a key property tax deduction that would benefit thousands of Garden State taxpayers. .
All have now turned around on their hardline.
Josh Gottheimer, NJ-5, Mikie Sherrill, NJ-11 and Tom Malinowski, NJ-7, were among the most vocal about lifting the $10,000 cap on state and local property tax deductions (SALT ).
All had proclaimed “No salt, no deal” regarding previous spending proposals.
All now support the Cut Inflation Act and will vote “yes” in the House vote on Friday.
All are also trying to justify their about-face on SALT.
Sherrill released a statement saying the $750 billion spending bill is good for his district. “Because this legislation does not increase taxes for families in my district, but in fact significantly reduces their costs,” Sherrill said, “I will vote for it.”
The congresswoman made only a passing mention of SALT, “I will also stand firm in my commitment to ensuring that any discussion of the 2017 tax law reforms begins with addressing SALT.”
There are currently no plans in the House or Senate to further address the measure.
Rep. Gottheimer also announced his support for the Cut Inflation Act, saying in a statement, “After careful consideration, it is clear that the Cut Inflation Act is good for families and families. Small Businesses in Northern New Jersey.”
He also made a passing reference to his previous position, though not as absolute. “If anyone tries to change the family tax rates in my district,” Gottheimer said, “I will insist that we restore the state and local tax deduction.”
The spending bill passed the Senate without any Republican support and provides a much-needed victory for President Joe Biden ahead of the midterm elections.
It benefits from the largest climate change and green energy investment in U.S. history and is designed to help lower Medicare prescription drug costs. It aims to reduce the deficit by imposing a minimum tax of 15% on large corporations. It is also funding an expansion of IRS auditors to help collect tax owed.
Eric Scott is the senior policy director and anchor of New Jersey 101.5. You can reach him at [email protected]
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What would happen to NJ if we were attacked by nuclear weapons?
Models show what would happen during an air detonation, meaning the bomb would be detonated into the sky, causing extensive damage to structures and people below; or what would happen in a detonation on the ground, which would have the alarming result of nuclear fallout. The models do not take into account the number of casualties that would result from the fallout.