Murphy claims bi-partisan support for property tax/charity scheme. Republicans disagree, call for NJ reforms
Marlboro, NJ-With Belmar Mayor Matt Doherty looking like Chris Christie standing behind Donald Trump on Super Tuesday — and four other Democrat mayors standing behind him, Governor Phil Murphy today declared he had bi-partisan support for his plan to have the state’s municipalities set up charities to accept donations in lieu of property taxes. Murphy said that the recent income tax reform passed by Congress and signed into law by President Trump is a tax increase on New Jersey’s middle class. The scheme he is proposing would, if allowed by the IRS, reverse the impact of the tax reform law’s $10,000 cap on the state and local tax (SALT) deduction.Click here for reuse options!
Copyright 2018 MoreMonmouthMusings Posted: February 9th, 2018 | Author: Art Gallagher | Filed under: Monmouth County News, New Jersey, Phil Murphy | Tags: Belmar Mayor Matt Doherty, Chris Christie, Congressman Leonard Lance, Declan O'Scanlon, Donald Trump, Governor Phil Murphy, Income taxes, Jon Hornik, Matt Doherty, Monmouth County News, New Jersey, NJ Property Taxes, SALT deduction, Sen. Joe Pennacchio, Senator Declan O'Scanlon, Shaun Golden, Sheriff Shaun Golden | 2 Comments »