Tag: salt

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

How much will Murphy personally stand to gain if his SALT lawsuit succeeds?

By Matt Rooney _ Rather than actually doing something to lower our property taxes? Or at least significantly curb their rate of increase, as Chris Christie accomplished? Phil Murphy is suing the federal government. It won’t succeed. And even if Read More

N.J. Chamber President On Anti-MacArthur ‘Smear’ Campaign: “Sign me up”

TRENTON, N.J. — Special interest groups like the New Jersey Chamber of Commerce have been unusual patsies for the Democrat Party in recent cycles, but at least now the head of the Chamber’s top mouthpiece is admitting it. “The Tax 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

Phil Murphy’s first term plan REVEALED! And N.J. taxpayers are likely to pay dearly for it.

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

CARROLL: Blame leftist policies for any tax reform-related N.J. “pinch”

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