- 6 hours ago
Gottheimer Reacts to Senate Passage of Tax Hike Bill
Today in response to the Senate Passage of the Tax Hike Bill, Congressman Josh Gottheimer (NJ-5) released the following statement:
"This Tax Hike Bill is unmitigated assault and tax hike on New Jersey families and businesses. And, what’s worse, by eliminating the deductions we rely on, it’s a broken promise to every resident and business in our state. That’s why everyone--from the New Jersey Chamber of Commerce to law enforcement to nearly every member of the Congressional delegation,
“It eliminates our ability to deduct state and local income taxes, brings back the AMT, and nearly eliminates our ability to deduct our property taxes and mortgage interest. It will send jobs, people and businesses fleeing from our state and send housing prices plummeting.
“It’s another nail in New Jersey’s coffin.
“I want actual tax cuts for New Jersey, and I’ve been working across the aisle to get tax cuts. But this Tax Hike Bill represents yet another huge giveaway to