TRENTON, N.J. – The Assembly voted today to assure disabled veterans that their federally-discharged student loan debt would not be subject to state income taxes. Assemblyman Ron Dancer sponsors the bill (A803) codifying that New Jersey’s income tax exclusion for cancelled debt also applies to a disabled veteran’s federal...
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TRENTON, N.J. – Assemblyman Republican Leader Jon Bramnick criticized a proposed new tax on financial transactions heard in the Assembly Financial Institutions and Insurance Committee Monday. He pointed out that if the stock exchange follows through on its threat to leave, New Jersey will lose revenue. “The more we...
TRENTON, N.J. – Assembly Republican Leader Jon Bramnick warned Gov. Phil Murphy not to test the stock exchange’s reaction to his proposed new tax on financial transactions. “The governor is discussing a new tax on financial transactions,” said Bramnick (R-Union). “This tax will cause the financial industry to move...
TRENTON, N.J. – Assembly Republican Leader Jon Bramnick pointed to a Cato Institute report card released Monday that ranked Gov. Phil Murphy among the worst seven governors in the United States when it comes to fiscal management. The report, entitled the Fiscal Policy Report Card on America’s Governors 2020,...
TRENTON, N.J. – Following Governor Murphy’s budget address this morning, Assemblywoman Serena DiMaso criticized yet another inflated budget without substantial tax relief or long-term solutions. She advocated for more property tax relief and school funding. “Once again Governor Murphy has disappointed the taxpayers in our beautiful state,” said DiMaso...
TRENTON, N.J. – Assembly Republican Leader Jon Bramnick said more people will be leaving New Jersey in reaction to Gov. Phil Murphy’s new budget, which is likely to propose more taxes and more spending. “Every time the governor speaks about the budget, more people begin to pack their bags,”...
TRENTON, N.J. – Assembly Republican Leader Jon Bramnick released a statement after the state Supreme Court ruled that Gov. Phil Murphy may proceed with his plan to borrow $9.9 billion to balance the state budget. “Borrowing $9.9 billion to cover expenses will raise taxes across New Jersey,” said Bramnick...
TRENTON, N.J. – Reacting to the party-line passage of an unprecedented statewide property tax and borrowing scheme that could add $14 billion to the state’s debt, Assemblymen Ron Dancer and Rob Clifton blasted Gov. Phil Murphy and Assembly Democrats for their out of touch devotion to raising taxes on...
TRENTON, N.J. – Assemblyman Jay Webber said that New Jersey’s already worst property taxes would get a lot worse under Gov. Phil Murphy’s scheme to borrow $5 billion, which imposes a statewide property tax on New Jersey properties. “Governor Phil Murphy’s massive statewide property tax creeped forward today, even...
TRENTON, N.J. – The Paycheck Protection Program established by Congress in late March was aimed at helping businesses keep making payroll for eight weeks, despite Gov. Phil Murphy’s orders to shut down because of the coronavirus pandemic. Unfortunately, these loans can be taxed in New Jersey, but Assemblyman Ron...