Pallone Statement on GOP Tax Plan
Washington, D.C. –Congressman Frank Pallone, Jr. (NJ-06) issued the following statement on the GOP’s revised tax proposal.
“The newest iteration of the GOP tax plan continues to threaten New Jersey’s working families by limiting state and local and tax deductions. The legislation also severely limits the Mortgage Interest Deduction, making it harder for New Jersey families to afford homeownership. 41% of New Jersey households file using these deductions and New Jersey deducts a total of $32.2 billion in state and local taxes each year, the third highest dollar amount in the nation. Taking away these deductions is simply unacceptable given the tax burden already facing New Jerseyans.
“I will never support a tax plan that makes it harder for working families to make ends meet, in order to pay for tax cuts for the wealthy. I will do everything within my power to oppose the GOP tax proposal as it moves forward.”