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NJ voter turnout continues to slide | NJ Spotlight News

NJ voter turnout continues to slide | NJ Spotlight News
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Rare bipartisanship — most NJ voters want SALT cap removed

Rare bipartisanship most NJ voters want SALT cap removed Whether you re a Republican or a Democrat, a millennial or a senior citizen, or a man or a woman, there s one thing we re all in favor of more money in our pockets. According to findings released Monday, 63% of Garden State voters in a Fairleigh Dickinson University Poll say they re in favor of scrapping the $10,000 federal cap on state and local taxes that went into effect in 2017. Full restoration of the property tax deduction received at least 60% support from Democrats (63%), Republicans (64%) and independent voters (60%). More than 800 New Jerseyans were surveyed. The cap on state and local taxes that can be claimed as a deduction on federal taxes, better known as the SALT cap, has been seen as an attack on Democratic states, particularly high-tax states such as New Jersey, New York and Connecticut. The average tax load in many New Jersey counties is beyond $10,000.

NJ in favor of federal credit for local taxes

A clear majority of New Jersey voters from across the political spectrum want the federal government to restore an unlimited write-off for property tax bills and other state and local taxes, according to a recent poll. In all, more than 60% of those surveyed by the Fairleigh Dickinson University Poll last month indicated they want a full restoration of the federal tax write-off that’s commonly referred to as SALT. The write-off was capped at $10,000 in 2017 by former President Donald Trump and the then-Republican Congress as part of a broader overhaul of federal tax policies. But this year, several members of the now-Democratic-controlled House of Representatives are urging President Joe Biden and their colleagues to eliminate the cap as part of a wider plan to fund a major federal infrastructure-renewal initiative.

New poll shows most in NJ want $10K SALT cap lifted

New poll shows most in NJ want $10K SALT cap lifted
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