Archive for Tag: Tax Cuts

Stop residents from fleeing NJ by cutting corporate tax, says DePhillips

TRENTON, N.J. – Assemblyman Christopher DePhillips has long argued that New Jersey’s nation-high corporate tax rate contributes to outmigration. The latest figures from the U.S. Census Bureau support his point – residents are leaving New Jersey to live in states with lower taxes like Florida, Texas and South Carolina....

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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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