New Jersey Democrats Propose Tax Credit for Middle Class
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New Jersey Democrats are proposing property-tax credits for residents earning as much as $250,000, countering Republican Governor Chris Christie’s plan for a 10 percent across-the-board cut in income-tax rates.
Senate President Stephen Sweeney today called for giving middle-class families a 10 percent property-tax credit on their income-tax returns, which he said would alleviate a pressing burden. Assembly Democrats today proposed doubling that property-tax credit to 20 percent.