Economy and Tax Relief
More on Economy and Tax Relief
WASHINGTON– Today, Congressman Leonard Lance (NJ-07), a member of the House Financial Services Committee, announced he was backing legislation that would prohibit financial institutions who are currently receiving funds under the Troubled Asset Relief Program – also known as “TARP” – from funding the controversial group Association of Community Organizations for Reform Now (ACORN) or any of its affiliates.
WASHINGTON – Congressman Leonard Lance (NJ-07) who is a leading voice in Congress for reducing our national debt recently added the “U.S. Debt Clock” to his congressional website in order to raise greater awareness to our nation’s ever-growing national debt. Currently, the national debt stands at more than $11.8 trillion — about $38,432 per citizen.
WASHINGTON – Congressman Leonard Lance (NJ-7) today said that Troubled Asset Relief Program (TARP) funds returned by financial firms should be used to reduce our nation’s ever-growing debt, not used on new spending as suggested by the U.S. Secretary of Treasury and some in Congress.
WASHINGTON – Rep. Leonard Lance (NJ-07) today introduced a bipartisan House Resolution seeking to put Congress on record in support of protecting the mortgage interest tax deduction. More than 170,000 New Jersey tax filers benefit from the deduction.
Lance said his legislation would help call attention to a harmful provision in President Barack Obama’s fiscal year 2010 budget which proposes to reduce the mortgage deduction from 35 percent to 28 percent on those households making more than $250,000.
Lawmaker Inks Legislation To Protect Mortgage Interest Tax Deduction
WESTFIELD, NJ – Rep. Leonard Lance (NJ-07) joined New Jersey families, REALTORS® and small business owners at a news conference today – Tax Day – at the Westfield Post Office to call for the end of skyrocketing federal, state and local taxes that unfairly burden New Jersey taxpayers.