Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

New Jersey

Showing Original Post only (View all)

JustAnotherGen

(33,590 posts)
Fri May 4, 2018, 03:04 PM May 2018

Murphy signed the SALT Work around a few hours ago (property tax deduction) [View all]



http://www.nj.com/politics/index.ssf/2018/05/phil_murphy_acts_to_help_nj_get_around_trump_tax_law_but_will_it_stick.html

The law Murphy, a frequent Trump critic, signed will soon allow New Jersey's towns, counties and school districts to set up charitable funds that taxpayers can contribute to instead of paying property taxes directly.

Homeowners can then deduct those charitable contributions from their federal income taxes, uncapped.

"We know that President Trump and the leadership in Congress cooked this up to benefit the states that were with him, instead of treating everyone fairly, and give a windfall to the wealthiest individuals in the biggest companies," Murphy said before signing the law at East Rutherford's town hall.

"It is divisive, it is wrong, and we will continue to fight," the governor added



On my Democratic Committee Soap Box for a moment - you guys we gotta gotta gotta make sure that any council/mayor positions are filled by Democratics this year to ensure our local governments implement this with the tool our Democratic Governor, Senate, and Assembly just gave us to flip the bird at Trump.

15 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»Region Forums»New Jersey»Murphy signed the SALT Wo...»Reply #0