Today, Congressional Republicans voted to pass their anti-New Jersey tax bill, and only got the necessary votes by tossing in a corrupt bargain for their wealthiest members. The tax bill represents tried-and-failed trickle down thinking, permanently cutting the taxes of the wealthiest and including big carve outs for 'pass through' real estate moguls.
Lisa Mandelblatt, Democratic candidate for Congress in New Jersey's 7th Congressional District, offered the following statement:
“Today is a sad day for families in New Jersey’s 7th Congressional District. The sham of a tax cut bill passed today by Congress, without any support from Democrats, will hike taxes for families in the district, while providing big tax cuts for corporations and the wealthiest.
“The residents of the 7th District pay among the highest property taxes in the country, along with the highest state income taxes. As a result of the Republican TaxScam, residents of the district will see our ability to deduct those taxes severely curtailed. In addition, we may see a decrease in value of our most significant asset – our homes.
“Republican Leonard Lance failed to win a single concession from the GOP leadership that would have helped families in the 7th Congressional District. Today’s vote makes it painfully obvious that we need to replace our do-nothing representative with someone who will effectively and passionately represent New Jersey families."