NJ Senate President: GOP Tax Plan 'Scary As Hell For New Jersey'
New Jersey State Senate President Steve Sweeney (D-Deptford) called the House GOP tax bill "scary as Hell" for his state.
Sweeney said New Jersey is "very tax-sensitive," in that 42 percent of the state tax levy is paid by 1 percent of the population.
He said the Democrat-controlled state legislature was floating the idea of a millionaires' tax to boost Trenton's coffers, until the House approved the bill.
Sweeney said that, despite New Jersey being known for higher taxes than most states, Democrats there have fought other Democrats to keep taxes lower than they would be.
He referenced the six-day government shutdown after the legislature refused a tax hike championed by then-Gov. Jon Corzine (D-N.J.).
Sweeney said the Republican tax plan in Washington will cut the SALT (state and local tax) deduction, wherein high-tax state residents are able to deduct some of their tax burden.
He noted that neighboring Gov. Andrew Cuomo (D-N.Y.) was equally concerned that the "tax cut" would result in a "tax hike" for New Yorkers.
Sweeney added that he hopes New Jerseyans see that the now-sunsetting Christie era in the state was one where Democrats like himself came together with the Republican governor and got important things done.
He said he wished that Washington worked the same way, instead of the two ideologies remaining "in their corners."
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