Governor-elect Phil Murphy and his Democrat allies — including Josh Gottheimer (D, NJ-05) — have latched onto every possible hairbrained response to GOP federal tax reform, and the new $10,000 cap on SALT deductions, EXCEPT the most logical reaction: lowering New Jersey’s property tax burden.
Their latest scheme was unveiled at a Friday press availability:
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Gov-Elect Murphy says of the prop taxes-as-charitable-contribution proposal: “We are all in on this…this one we believe has real legs and real precedent…” Says 3 NJ towns are willing to try it and will work w Legis leaders if state changes are required pic.twitter.com/e9556HRpbG
— Brenda Flanagan (@BFlanaganNJ) January 5, 2018
Rep Gottheimer calls for bipartisan plan to treat local prop taxes as charitable contributions-get a tax credit for that amount-and then deduct that from federal taxes pic.twitter.com/itgXYriJja
— Brenda Flanagan (@BFlanaganNJ) January 5, 2018
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The IRS will NEVER allow people to make “charitable contributions” to the state in exchange for tax credits.
Not happening.
Gottheimer and Murphy know it and are too smart to be saying things that are this stupid.
In fact, if this is the level of “seriousness” we’re going to get from the Murphy Administration which takes control on January 16th?
Forget missing Chris Christie; you’re going to miss Jon Corzine!
Lower my taxes, dammit, so a SALT deduction cap of $10,000 is all I’ll need. This isn’t complicated.
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