Related:

• Our report released yesterday suggests that SALT workarounds can’t be the only part of the state-level response to this plan: https://www.njpp.org/budget/a-grain-of-salt-new-jersey-needs-more-than-workarounds-to-respond-to-gop-tax-plan
• New Center on Budget and Policy Priorities two-pager on how states should respond to the GOP tax plan: https://www.cbpp.org/research/state-budget-and-tax/how-should-states-respond-to-recent-federal-tax-changes

“We welcome this coordinated legal action against the GOP tax plan, but it’s also important that New Jersey continue to guard against the very worst effects of the federal bill – which, in fact, go far deeper than the cap on state and local tax deductions.

In fact, this plan delivers lopsided tax breaks to the wealthiest Americans and large corporations, while teeing up deep and devastating budget cuts that – if enacted – will harm working families across New Jersey, as well as the state’s budget. That’s why a comprehensive plan to blunt the effects of the GOP tax plan is crucial – and why new state revenues must be part of that plan.”