Political Quotes

“Madam Speaker, I rise today because I came to Washington to cut taxes for the residents of north Jersey. Our taxes are simply too high. This morning, at The Heritage Foundation, the Speaker claimed that the rest of the country is propping up New Jersey. That is backwards. Currently, New Jersey pays in so that States like Wisconsin can cash out. New Jersey is already a grand subsidizer of other States. We are one of the top 3 percent taxpaying districts in the entire country and at the bottom in what we get back. We need to change that. New Jersey only gets back 33 cents for every dollar we send to Washington. New Jersey residents get $3,076 less, as this shows, than what they pay in. West Virginia, for example, gets $4.23 back for every dollar it sends in. New Jersey is not America's piggybank. Our one saving grace has been the State and local property tax deduction: the ability to deduct those higher State, local, and property taxes before we have to send in our tax checks every April. It allows us to avoid double taxation. Eliminating these State and local tax deductions will cost New Jersey an average of a $3,500 tax increase per resident. Property values will go down more than 10 percent. So I am fighting to remove this tax hike provision from the tax reform bill that can hurt our businesses and our citizens. ____________________”