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Guadagno: Trump scrapping tax deduction a ‘disaster’ for New Jersey Source: Observer

Kim Guadagno, the Republican nominee for governor, said Monday that part of President Trump’s tax plan would be a “disaster” for New Jersey, criticizing her own party’s biggest legislative proposal because it would eliminate a property tax deduction that benefits Garden State residents.

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Michael Jacob October 3, 2017 8:58 am

Am I the only one who misses the hypocrisy that the state of New Jersey double taxes us on our property tax, but at the same time criticizes the new reform bill for the removal of the property tax deduction? I don't get it....... Don't hear anything from either side of putting back the credit on your NJ tax return? How about that for politics.

Bob October 3, 2017 12:04 pm

As an over taxed, former resident of NJ, I would suggest gutting the income / property tax burdens that have sent so many of us running to the exits. Bring those two burdens into line with reality, and NJ may see the return of some taxable income / wealth.