A battalion of New Jersey Democrats, including Governor-elect Phil Murphy, voted to fight back against the GOP tax reform measure that capped state and local tax deductions at $10,000.
New Jersey has seven of the top 10 counties in the U.S. when it comes to losers in home price decline across the country.
Rep. Tom MacArthur, who voted for the Congressional tax overhaul, discusses how it will affect New Jerseyans.
Rep. Tom MacArthur is the only New Jersey congressman or senator who supports the GOP tax reform effort.
The top legislative leaders said that eliminating the state and local tax deductions would deeply impact the state of New Jersey.
Under the proposed Senate tax reform plan released Thursday, New Jersey residents who currently pay the highest property taxes in the nation would lose the SALT deduction.
If Republicans in Congress thought repealing Obamacare was difficult, passing tax reform could be just as hard.
The State Department of Labor and Workforce Development recently said the Garden State lost 6,300 jobs in September, according to preliminary data from the federal government.