Statement from Governor Murphy on IRS Ruling Against NJ Taxpayers

Gov. Phil Murphy sent the NJ legislature a letter responding to the current draft of the NJ 2020 budget, objecting to what he calls indefensible and needless cuts to wildly extensive programs. These include the absence of a millionaire's tax, estimated revenue streams and other portions of the proposal he says doesn't put constituents first.
Statement from Governor Murphy on IRS Ruling Against NJ Taxpayers
“The IRS today made clear it is not interested in fairness for New Jersey’s taxpayers. Instead, it protects President Trump’s politicization of the federal tax code. Finalizing a rule that prohibits us from following decades of precedent to protect our residents’ tax deductions is a gut-punch to middle-class families who know that the Trump tax plan is a complete sham. We will continue to fight alongside our Congressional delegation and sister states to restore our residents’ full SALT deductions.”
(Visited 64 times, 1 visits today)

Comments are closed.

News From Around the Web

Podcasts