This is good news for the overburdened taxpayers in South Jersey. The Tax Cuts and Jobs Act provides real relief for families and businesses—by simplifying the tax code, lowering rates, doubling the standard deduction, providing tax credits for childcare and care of adult dependents; all while preserving the deductibility of property and state income taxes.
I came to Washington to fight for my constituents and solve the tough problems that impact their lives. During this process, I urged the White House and House Leadership to preserve the deductibility of property and state income taxes, restore the medical expense deduction for seniors and those with high medical costs and protect the educator expense deduction for our dedicated teachers. I didn’t back down from this fight and I’m grateful my colleagues listened and preserved these critical provisions.
In the end, this legislation will provide a vast majority of my constituents with a much needed tax cut and allow them to keep more of their hard-earned money.
This legislation will benefit NJ-3 taxpayers in multiple ways including: