Tax Policy Center

New Jersey

Individual Taxes: TaxVox

New Jersey Property Tax Cut May Not Work As Intended

A major property tax cut proposal for seniors has New Jersey’s legislative leaders at odds with the governor as the state tries to wrap up...
June 8, 2023Richard C. Auxier
State and Local Issues: TaxVox

The SALT Wars Move To Court

Four blue states filed a lawsuit yesterda y, claiming that the Tax Cuts and Jobs Act’s limitation on the state and local tax (SALT) deduction...
July 17, 2018Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

The Nation’s Partisan Divide Is Infecting Tax Policy

“Don’t tax me, don’t tax thee, tax that fella behind the tree.” This bit of doggerel, attributed to the late Senate Finance Committee Chairman Russell...
May 30, 2018Howard Gleckman
: TaxVox

IRS Warns States to Slow Down on Charitable SALT Workarounds

Yesterday, the IRS issued a notice warning states that are contemplating one workaround to the Tax Cut and Jobs Act’s (TCJA) $10,000 annual limit on...
May 24, 2018Steven M. Rosenthal
State and Local Issues: TaxVox

Six Reasons Why States Shouldn’t Be Counting Their Sports Betting Tax Revenue Yet

Will the Supreme Court’s decision allowing states to legalize sports betting be the tax revenue jackpot that some states hope for? Perhaps, but plenty of...
May 16, 2018Howard Gleckman
: TaxVox

Not October yet, but, oh, the tax tricks and treats!

Donald Trump unveiled his tax plan—is it going to “cost him a fortune?” He has a tax cut for nearly everybody , but the highest income households would likely be the biggest beneficiaries. And his plan would likely add trillions to the national debt over the next decade, concludes TPC’s Howard
September 29, 2015Renu Zaretsky
: TaxVox

Highway Drama Drives Contingency Planning

Still on the Hill: Extenders and highway funding drama. Today, the Senate Finance Committee is expected to mark-up its proposed restoration of expired tax breaks , and the full Senate plans to hold a procedural vote on highway funding legislation. Congress faces increasing pressure to move quickly
July 21, 2015Renu Zaretsky
: TaxVox

One more step for equality, and two views on state EITCs

Congress is in recess. The Daily Deduction will return to its regular schedule on Monday, July 6. Wyden promises tax changes in the wake of the Supreme Court’s decision on same-sex marriage. Following the Obergefell v. Hodges decision, senior Senate Finance Committee Democrat Ron Wyden said Friday
June 29, 2015Renu Zaretsky
: TaxVox

Revenues and Rate Hikes: What’s an Elected Official to Do?

There’s a revenue surge in California. The state is exceeding its 2013 tax collections and beating 2014 forecasts. The Franchise Tax Board netted $7.6 billion in personal income taxes between April 1 and this past Monday. It collected $6 billion during the same period in 2014. The state’s school
April 22, 2015Renu Zaretsky
: TaxVox

Spending Cuts, Surpluses and Sales Opportunities

The House GOP Budget: No tax reform details. The House Budget Committee unveiled a budget with $5.5 trillion in spending cuts that promises balance by 2024. Committee Chairman Tom Price is confident the budget will pass the House this week. However, TPC’s Howard Gleckman says there is no chance it
March 18, 2015Renu Zaretsky