By Bill Spadea This post originally appeared at NJ 101.5 _ Yup. I served our country as a member of the US Marine Corp Reserves. Honorably discharged in 1999. Many of the courageous young men I served with re-enlisted and went Read More
IRS puts the kibosh on blue state attempts to circumvent SALT cap
WASHINGTON, D.C. – As Governor Phil Murphy hit the ground in Iowa on Tuesday to boost the presidential campaign of Cory Booker, the IRS put the final kibosh on blue state Democrat efforts to circumvent the new $10,000 “SALT” deduction Read More
The N.J. Democrats’ SALT argument: Soak the rich! Just not our rich.
By The Staff _ Are you supposed to want to soak the rich? Or not? New Jerseyans can’t help but be a little confused, especially after hearing Democrats complain throughout the 2018 midterm cycle about how changes to the federal Read More
As expected, IRS throws cold water on Phil Murphy’s SALT workaround scheme
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
Opinion: Two Wrongs Won’t Make It Right
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
Lance to Murphy: Get Going On State-Level SALT Fix!
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
Assemblyman Seeks Fix to Expedite NJ Credit for Property-Tax Prepayments
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 …
AWKWARD: NJ-05 Democrat concedes that Gottheimer’s property tax charity scheme isn’t legal
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
Op-Ed: Let’s douse the flames on the charitable taxing plan
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