NJ congressman wants to get rid of cap on tax deductions

A New Jersey congressman wants to make a change to the tax law.

News 12 Staff

Apr 12, 2019, 11:30 AM

Updated 1,866 days ago

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A New Jersey congressman wants to make a change to the tax law.
Rep. Josh Gottheimer wants to reinstate the full deduction for state and local taxes.
The deduction is now capped at $10,000 for property owners.
Gottheimer says the cap brings tax hikes to blue states like New Jersey.
"The red states made out like bandits. So if you just look at the map and see who did well here. A bunch of the red states got tax relief for themselves and Jersey paid for it. It's just the math.,” said Gottheimer. “In fact the only way they footed the bill was to gut the state and local tax deduction, right? So they're saying how are we going to make our lives better? And they say there's Jersey. We'll stick it to them.”
Gottheimer says property taxes in New Jersey are more than double the national average.


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