Murphy slams Trump-backed House Republican tax plan as a 'sham' that will hurt N.J.

Wednesday, 15 November 2017, 04:29:52 AM. The House Republican tax cut plan targets a deduction used by more than 40 percent of New Jersey taxpayers.
NEWARK --  Gov.-elect Phil Murphy on Monday blasted the U.S. House Republican tax plan as "devastating" for the middle class, elderly and seniors as a new study showed that few New Jersey residents will benefit from allowing some property tax deductions in the legislation. Murphy joined several of New Jersey's Democratic members of Congress at the Robert Treat Hotel in Newark in advance of Thursday's expected vote on the House Republican tax cut bill, which would eliminate the federal deduction for state and local income and sales taxes and limit the property tax deduction to $10,000. "This is not a tax cut. This is a tax sham," Murphy said. "The middle class and seniors will pay a big price. This bill is bad for New Jersey, and we must push back on both sides of the aisle. We need Republican courage here." Trump's tax plan would smack N.J. Murphy's opposition contrasted with the position of outgoing Gov. Chris Christie, who backed eliminating the entire state and local tax deduction during his ill-fated presidential campaign. Christie on Monday joined Ivanka Trump, U.S. Rep. Tom MacArthur and U.S. Treasury Secretary Seth Mnuchin in Bayville on Monday to promote the GOP legislation. MacArthur, R-3rd Dist., is the only New Jersey House lawmaker so far to endorse the legislation, and he did so only after Republicans agreed to include the limited deduction for property taxes. Even so, more than one in four New Jersey taxpayers, 27 percent, would see their taxes increase under...Read more
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