Archive for Tag: Tax Cuts

Renters deserve more help. DePhillips will keep pushing until they get it.

TRENTON, N.J. – A Moody’s study found that the average American household is rent burdened, defined as spending 30% or more of their income on housing costs, for the first time in history. New Jersey has had this problem for years. “This 30% is a symbolic threshold, a milestone,”...

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GOP leaders push for tax cut package in budget

TRENTON, N.J. – In response to surging state revenues and record-high inflation, Assembly Republican Leader John DiMaio and Assembly Budget Officer Hal Wirths on Tuesday announced a four-point plan that would provide residents immediate relief in this year’s state budget and achieve sustainable tax reforms. “Taxpayers can’t wait for...

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ICYMI: DiMaio to Murphy: Faults of borrowing are your inconvenient truth

TRENTON, N.J. – Gov. Phil Murphy began his press conference Wednesday citing the Center on Budget and Policy Priorities estimates of nationwide state-revenue losses totaling over $550 million. Assemblyman John DiMaio pointed to another report by the same group outlining how borrowing is not “a viable, legally permissible, or...

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January job and wage growth nationwide proves tax and regulation cuts work, says DiMaio

TRENTON, N.J. – Expectations were shattered for job and wage growth yet again as tax and regulation cuts have boosted business across the nation. Jobs increased by 87,000 more than expected to 225,000 new employees in January, which was also the eighteenth consecutive month for wage growth of at least...

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