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McKeon Applauds SALT Lawsuit
Assemblyman John McKeon (D-Essex, Morris) today applauded Governor Phil Murphy and Attorney General Gurbir S. Grewal's decision to join New York, Maryland and Connecticut in suing the Trump administration over its $10,000 cap on the federal tax deductions for state and local taxes (SALT).
Assemblyman McKeon is a strong opponent of the SALT cap and was the prime sponsor of a recently enacted law (formerly bill A-3499) to counteract it by permitting a municipality, county or school district to establish one or more charitable funds for specific public purposes and permitting local property tax credits in association with such donations.
"This lawsuit is another great step in protecting the hardworking residents of New Jersey, many of whom are middle class and senior citizens, from the unconstitutional double taxation of the federal government. If left unchecked, such tax overhauls will have devastating consequences on our residents.
"As I've said before, it's time to throw some tea in the harbor relative to this attack on New Jersey. I vow to continue finding creative and bipartisan ways to circumvent this direct attack by the federal government."
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