Economy and Tax Relief
More on Economy and Tax Relief
WASHINGTON, D.C. --- Congressman Leonard Lance (NJ-07) authored a letter to Governor Phil Murphy today requesting the governor endorse Trenton legislation to repeal New Jersey’s $10,000 property tax deduction limit on state income tax filers. Governor Murphy this week issued a ‘call to action’ to New Jersey mayors to encourage residents to make charitable contributions to their towns instead of paying property taxes. Lance hopes the governor will support lifting the cap as well.
WASHINGTON, D.C. --- Congressman Leonard Lance (NJ-07) and Congressman Josh Gottheimer (NJ-05) today unveiled their bipartisan legislation to allow taxpayers to deduct their entire 2018 property tax prepayments from their 2017 income tax returns. New Jersey representatives Chris Smith, Rodney Frelinghuysen and Frank LoBiondo are original cosponsors.
WASHINGTON, D.C. --- Congressman Leonard Lance (NJ-07) today supported the Financial Choice Act which repeals the Dodd-Frank Law that created bank bail outs with taxpayer money and imposed regulations that contributed to the closing of forty-two New Jersey community banks.
WASHINGTON, D.C. --- Congressman Leonard Lance (NJ-07) released the following statement on the FY 18 budget proposed by the White House:
“I commend President Trump’s commitment to balancing the budget and prioritizing taxpayer dollars responsibly. And as a member of the House Energy and Commerce Committee I am pleased that the Administration is committed to modernizing our energy infrastructure and promoting energy independence.
WASHINGTON, D.C. – Congressman Leonard Lance (NJ-07) today released the following statement on an initial tax reform plan announced by the Trump Administration:
“My goals for tax reform are to unleash economic growth, create millions of new jobs and lower the rates on individuals. I am pleased the President outlined a plan today. There are parts of it I favor and there are parts of it I think need further debate and examination.