WASHINGTON, D.C. — The IRS isn’t messing around with blue states trying to circumvent the new tax law. On Thursday, the federal government’s tax enforcement arm issued a long-expected missive explaining that the workarounds adopted by states like New Jersey to Read More
Andrew Sidamon-Eristoff In politics, being seen to do something is almost as important as actually doing it. So it was perhaps inevitable that aggrieved blue-state leaders in California, New York, and now New Jersey would push half-baked ideas for thwarting Read More
WASHINGTON, D.C. — Congressman Leonard Lance (NJ-07) put pen to paper this week, sending Governor Phil Murphy (D-N.J.) a formal letter requesting a repeal of New Jersey’s long-standing $10,000 property tax deduction limit on all state income tax filings. “Capping taxpayers’ deductions Read More
Many New Jersey residents decided to prepay property tax bills late last year in response to a new federal law that for the first time ever capped a popular write-off for state and local taxes …
Congressman Josh Gottheimer‘s goofy plan to make the IRS treat property tax payments like charitable deductions is… well, it’s goofy. We’ve explained “why” at great length. “It’s one of the more ridiculous comments to think that you can take a Read More
Creating loopholes Will Not Help Taxpayers By Katie Cericola __ The response by high taxed states to the federal tax reform signed last month by President Trump, has been – to say the least – interesting. By that I mean Read More
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 Read More
In a sentence, Save Jerseyans? Governor-elect Phil Murphy will raise taxes and then blame a federal GOP tax CUT for it. Yes, you read that correctly! Let’s fill in the Murphy first term timeline (which builds on the recent commentary Read More
A handful of New Jersey Republicans are calling bull on the Murphy-Menendez-Booker tax reform narrative. One of them is Assemblyman Michael Patrick Carroll (R-Morris). “In short, NJ finds itself in a pinch because of leftist policies,” said Carroll on social Read More
