New Jersey families expected to see an significant hike on annual tax bill if passed

WESTFIELD, NJ – Tomorrow, the U.S. House of Representatives is expected to vote on a Senate budget proposal that would potentially eliminate the ability to deduct state and local taxes for New Jersey taxpayers.

As New Jersey pays some of the highest state and local taxes in the country, while also getting some of the lowest rates of return on federal taxes, this would potentially be a severe blow to the pocketbooks of New Jersey families already dealing with thinly stretched budgets. According to data from New Jersey’s House delegation, the average New Jersey family will see an tax increase of $3,500 annually if this proposal is implemented, while the Senate Democratic Policy and Communication Committee estimates that 1.2 million New Jerseyans will see a increase in taxes if this plan is passed.

Lisa Mandelblatt, candidate for Congress in New Jersey’s 7th Congressional District has consistently opposed the eliminating SALT deductions. She reiterated her support of her taxpaying neighbors with the following statement:

“This is a watershed moment for Congress to protect New Jersey taxpayers. Republican members of Congress talk a big game about lowering taxes, but this is a moment where when given the opportunity to live up to those words. New Jersey residents already pay a steep price for our schools, fire, police and other municipal and state services.

For the President and Washington Republicans to further punish our neighbors, so the wealthiest can get another tax break, is absolutely unfair and unacceptable. We need to protect SALT deductions, and give the average taxpayer a break.”