Issue Position: Cutting Taxes and Clawing Back our Federal Tax Dollars

Issue Position

Before I took office, our District had one of the worst returns on the tax dollars we sent to Washington -- just $0.33 for every dollar. Our hard-earned money has instead been going to prop up Moocher States like Mississippi and Alabama that get back as much as $4.38 per dollar. That's a raw deal and it means that making up the gap falls upon the shoulders of our towns and taxpayers.

So, when Congress passed a Tax Hike Bill that slammed our state and raised taxes on a majority of our residents and businesses, I fought back for Jersey. I'm also not going to stand idly by when so much damage is being done to our state. This massive tax hike on New Jersey is already driving property values down and sending businesses and jobs to other states.

Last December, I introduced a Jersey Tax Cut Plan to restore the value of the State and Local Tax Deduction (SALT). Our plan gives New Jersey taxpayers a tax cut by allowing them to donate to new charitable funds set up by their towns. In just four months, Democrats and Republicans came together to pass our plan and it was signed into law. I'm now working to make sure this plan -- which is supported by our nation's tax scholars and consistent with legal precedent and IRS rulings -- can be quickly implemented in our towns to provide much needed tax relief.

Our Jersey Tax Cut Plan is just one way I'm fighting back against the Moocher States and working to cut taxes for our families and our businesses. We must eliminate wasteful spending, balance budgets, and cut taxes, at every level -- and I've made that my top priority. When I took office, I also quickly got to work with our mayors and local officials to claw back more of the tax dollars that we have already sent to Washington. Working together, we're getting results -- winning back 16% more than in recent years. That's $290 per family to help our towns lower their property taxes, fix our infrastructure, protect our students in their schools, respond quickly to storms, and provide essential equipment our first responders need to fight crime and terror.

There's nothing partisan about getting our families a better return on their investment. Whether it's cutting taxes or clawing back our hard-earned money, I will keep fighting to make our District more affordable for our families and more attractive for businesses to invest and create jobs.

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