NJ Republicans vote to increase your taxes

From the Star Ledger:

Senate Republicans just declared they want to kill your property tax deduction, New Jersey

Senate Republicans just voted in favor of killing your property tax deduction, New Jersey.

The GOP senators, whose states received $223 billion more from the federal government than their residents send to Washington, voted Thursday in favor of eliminating the state and local tax deduction.

The deduction helps mostly helps residents in states like New Jersey that pay more in federal taxes than they get back from D.C.

“It’s outrageous and patently unfair.” U.S. Sen. Cory Booker, D-N.J., said in an interview after the vote. “There has to be a fundamental principle of tax fairness, not just between low-income wage earners and high-income wage earners, but the tax fairness really has to be between the states as well.”

The amendment was approved primarily along party lines, 52-47, with U.S. Sen. Robert Menendez, D-N.J., absent because of his ongoing trial on federal corruption charges.

It was added to the Senate budget resolution, designed to trigger a parliamentary maneuver to block a filibuster and allow Republicans to exclude Democrats from negotiations on a tax bill.

The effort to end the deduction was led by U.S. Sen. Shelley Moore Capito, R-West Virginia, whose state in 2015 received $2.07 from Washington for every $1 in federal taxes paid, more than 47 other states, according to the Rockefeller Institute.

New Jersey, on the other hand, got just 74 cents back for each $1, lowest among the 50 states.

Lance, along with Reps. Frank LoBiondo, R-2nd Dist., and Chris Smith, R-4th Dist., broke with their party and voted against the House budget resolution. Only two New Jersey Republicans, Reps. Tom MacArthur, R-3rd Dist., and Rodney Frelinghuysen, R-11th Dist., supported it.

This entry was posted in Housing Recovery, New Jersey Real Estate, Property Taxes. Bookmark the permalink.

116 Responses to NJ Republicans vote to increase your taxes

  1. grim says:

    Too bad NJ, was nice knowing you.

  2. nwnj says:

    We have the most inept representation of any state. Christie for all of his faults was one of the few who fought for the state against outside interests. The rest of these bums are either on the take or roll over.

  3. grim says:

    Some possible options to reduce property taxes for residents of NJ:

    Eliminating property tax exemptions, especially for religious and non-profit uses.

    Reform farm assessment, push real farmers to utilize preservation as an option to reduce tax burden.

    Force federal, state and counties to pay taxes on all local properties, no exemptions.

    Eliminate senior freeze, homestead rebates, gimmicks.

    Eliminate deductions for veterans.

    All hospitals pay property taxes.

    All schools pay property taxes.

    Impose a new property tax on cemeteries.

    Require state income tax to be paid on all pension payments, including out of state residents.

  4. D-FENS says:

    I think it’s mostly just NE NJ that pays more. I have a hard time believing the majority of families in NJ have more than $24k in deductions.

  5. grim says:

    You are losing the dependent exemptions as well, so back the exemptions out of the 24k and then decide if your taxes go up or down.

  6. grim says:

    So, it will work like this:

    $24,000 – New Standard Deduction
    $12,150 – Less Personal/Depended Exemptions for a family of 3
    ———-
    $11,850 – Remaining, Leaving:

    $5,925 – Mortgage Interest
    $5,925 – Property Taxes

    So you are right, not every NJ homeowner gets f*cked, just the younger families with new mortgages on houses that can accommodate their families. Pretty sure lots of folks up in Sussex will feel the pain.

  7. Yo! says:

    Grim 7:29 – agree. Would cause governments to sell government land into productive uses. Imagine the tax revenue Liberty State Park would produce if developed. The Pinelands could be the #1 paper manufacturing center on the planet.

  8. grim says:

    Grandma and grandpa with a $14k tax bill on a paid off house? Well, now they have more incentive to stay.

  9. grim says:

    Liberty State Park would make a great shipyard. Unfortunately, NJ and it’s fiefdoms have completely wasted the potential productive capacity, revenue, and job generation of it’s prime industrial property. Sealing it’s fate that these types of jobs CAN NEVER RETURN. The bridges were all burned.

  10. grim says:

    By the way, this applies to Pharmaceutical Manufacturing as well. Not all of NJ’s loss of big pharma has to do with “talent”, lots of it has to do with regulation and location.

  11. Grab them by the puzzy says:

    yes, there’s no doubt that those younger families will f*cked.

    to their credit, they didn’t vote for the puzzy graber because they knew this would happen.

    grim says:
    October 20, 2017 at 7:49 am
    So, it will work like this:

    $24,000 – New Standard Deduction
    $12,150 – Less Personal/Depended Exemptions for a family of 3
    ———-
    $11,850 – Remaining, Leaving:

    $5,925 – Mortgage Interest
    $5,925 – Property Taxes

    So you are right, not every NJ homeowner gets f*cked, just the younger families with new mortgages on houses that can accommodate their families. Pretty sure lots of folks up in Sussex will feel the pain.

  12. Grab them by the puzzy says:

    @SenSanders

    What the entire GOP proposal is about is giving tax breaks to people who don’t need it by making cuts to education, housing and health care.

  13. Grab them by the puzzy says:

    @AoDespair

    The first mayor to tell @JeffBezos to upshove HQ2 and his grasping corporate shakedown assward will be America’s new political hero.

  14. grim says:

    If I was a retailer headquartered and employing local residents in jurisdictions that bid for HQ2, I would have a long talk with the local political leadership about loyalty and prostitution.

  15. exjersey says:

    8:07. Yet one wonders if Puerto Rico is still ideal for mfg pharmaceuticals.

  16. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    The sad thing is that the populace ain’t gonna even notice until next March and April when they go to H&R Block for their rapid refund and they end up owing Uncle Sam. Ugly days coming up in my household, yet the ulta rich get ultra richer. I always expected Trump to make the rich richer. I never expected the county to call it tax reform. Maybe tax deform would fit this plan better?

    There is a silver lining to all this. I expect the local populace in towns like Montclair to go completely unhinged. It should make for some exciting people watching.

  17. grim says:

    to their credit, they didn’t vote for the puzzy graber because they knew this would happen.

    No, I’m pretty sure most of Sussex voted for Trump, 62.1% if my quick google is accurate.

    Why hath you forsaken me?

  18. exjersey says:

    8:17 retailers are used to getting the screw job. Just look at their demise as shifting tastes and buying patterns put most of them: Montgomery Ward, kMart, Sears….now Macy’s struggles….

  19. Blue Ribbon Teacher says:

    I wonder if Amazon would consider the old BASF property in Princeton/West Windsor. He’s now a giant set of defunct fields right off of Rt. 1. It’s near Princeton Junction train station and would have plenty of parking. People coming from the North would not be fighting the traffic going North. Definitely a hotbed of high school student talent coming from the West Windsor/Plainsboro, Princeton, Hopewell area. I’m sure they could even get their own access road made off of Rt. 1.

  20. Grab them by the puzzy says:

    who cares about Sussex. was referring to Essex

    grim says:
    October 20, 2017 at 8:21 am
    to their credit, they didn’t vote for the puzzy graber because they knew this would happen.

    No, I’m pretty sure most of Sussex voted for Trump, 62.1% if my quick google is accurate.

    Why hath you forsaken me?

  21. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    I just emailed my Congressman.

    As a fellow registered Republican, I am absolutely disgusted by your decision to place partisan politics over what is best for your constituents. In high tax and high property value areas, many of which you represent, this tax reform will absolutely cripple the upper middle class and will have a seriously detrimental impact on housing values. Perhaps this tax break will benefit you personally as it does provide a huge benefit to the ultra rich. You should seriously be ashamed of yourself for supporting this agenda and you lost one more vote from a former supporter. At this point, my only hope is for the Republicans, who mistakenly voted you into office, will remember at the mid-term elections, that you cowardly voted against their best interests. May you go down deep with the whole Trump-supporting ship. Tax reform? My ass. You are a partisan hack like the rest of them. Think for yourself for a change.

  22. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    NJ is anti business. Amazon is not moving here. Stop flattering yourselves.

  23. grim says:

    I like that, going to email that.

  24. Grab them by the puzzy says:

    i might Tweet it

    grim says:
    October 20, 2017 at 8:55 am
    I like that, going to email that.

  25. grim says:

    You’d only really fit:

    As a fellow registered Republican, I am absolutely disgusted

    Which I suppose works too.

  26. Yome says:

    A family deducting $9,000 on property tax will have $3,400 left in deduction to even with a $12,400 increase in deduction. What else is being eliminated? $3,400 deduction in charity giving brings you back to where it was. Additional deductions taken before will set you back

  27. D-FENS says:

    Most of Sussex represented by Gottheimer. A freshman Democratic congressman. He’ll likely be voting against the tax bill.

  28. Yome says:

    Uniforms,medical expenses,tolls,books, advance
    Schooling are not deductible anymore. The common person is going to get hurt

  29. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    9,000 on property taxes. A man can dream.

  30. grim says:

    Personal and Dependent Exemptions?

    The increase in the standard deduction is a shell game once you factor in the elimination of the exemptions. Its not really increasing at all.

  31. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Sadly, without the details, it is hard to tell how much one will get killed. But simply judging by the MO of our elected leaders (both parties). It will be just another transfer from the upper middle and lower upper to the upper upper. The lower to middle middle will continue to eat up the crumbs.

  32. D-FENS says:

    I read they plan to increase the child tax credit. Why would it be lost?

    grim says:
    October 20, 2017 at 7:32 am
    You are losing the dependent exemptions as well, so back the exemptions out of the 24k and then decide if your taxes go up or down.

  33. D-FENS says:

    https://www.cnbc.com/2017/09/26/trump-says-standard-tax-deductions-would-nearly-double-under-gop-plan.html

    “We will cut taxes tremendously for the middle class,” Trump said at the White House. “That includes nearly doubling the standard deduction that most families take on their taxes and increasing the child tax credit.”

  34. grim says:

    I read they plan to increase the child tax credit. Why would it be lost?

    When a politician talks about increasing the credit, but doesn’t state the new number, that tells me that the increase is going to be relatively inconsequential, and largely a talking point.

  35. D-FENS says:

    Who?

    STEAMturd questioning the gender of Hillary’s Cankle fluid. says:
    October 20, 2017 at 9:14 am
    Sadly, without the details, it is hard to tell how much one will get killed. But simply judging by the MO of our elected leaders (both parties). It will be just another transfer from the upper middle and lower upper to the upper upper. The lower to middle middle will continue to eat up the crumbs.

  36. grim says:

    Look, let’s be clear. Grim stands to gain massively from this. I own a pass through entity that’s becoming very profitable. This is more than material for me, and the benefit of the corporate tax rate drop benefits me far more than the loss of the deductions.

    I should be dancing and singing at this, I stand to benefit handsomely.

    I can also shift other employment into another pass through LLC and bill myself out as a consultant, benefit there too.

    I’m lovin’ it. I’ll start buying big trucks through the LLC and write them all off too.

  37. STEAMturd questioning the gender of Hillary's Cankle fluid. says:
  38. D-FENS says:

    I think a lot hinges on what they do with the Child tax credit.

  39. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Frelinghuysen. He’s a complete prick. Doesn’t even return calls. A complete partisan hack. He has not once voted out of lock-step. He also sounds really dumb when he speaks. Worse than me. :P

  40. grim says:

    There is no room in the budget for a significant increase in the child tax credit, it would blow a huge hole in the budget.

    The current tax credit is $1,000, subject to income phase outs, and is non-refundable.

    Sorry, it’s going to go to $1,500 and most families in NJ are not going to be eligible due to the $110k joint income phase out. Even if they are, they wouldn’t see it back in a refund check.

  41. grim says:

    Sorry Stu, this doesn’t screw NJ’s upper middle class, it screws NJ’s entire middle class.

  42. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Trump is a serial liar. He has no issue lying to the public. Use his promise to release his personal tax returns as solid example number one. He stands to personally gain tremendously from the corporate tax break. The reason he is such an excellent dealmaker is that he lies and knows that the only way his contractors will get paid will be to sue. As we all know, our judic1al system is based on who can afford the best lawyers. Trump wins again. There are lists of small contractors who were absolutely robbed blind due to this. Trump is an absolute master-mind when it comes to exploiting laws in his favor. We all saw it during his cas1no bankruptcy years. It nearly made me puke then, but it absolutely helps me understand his MO now.

  43. grim says:

    Lots of NJ’s “upper” class are generating income as pass-through, they are business owners. This applies to everyone from successful surgeons to successful plumbers.

  44. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    I hate the class arguments Grim. It’s too easy for the party defenders to say I’d be among the ultra-rich if I lived in say, Jackson, Mississippi.

    All that I know is that I was able to itemize $94,000 last year. No increase in the standard deduction is ever going to help me. Call me selfish, but when Trump stands to gain 25% from his drop in corporate taxes and I stand to pay more due to the loss of my property tax deduction. Well, it hardly seems fair at all. As usual, the rich get richer.

  45. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Yeah…I’m part of the rich. Blah, blah, blah. Where’s my tax cut?

  46. homeboken says:

    Interesting view from local officials regarding Trenton’s bid for the AMZN HQ2. They seem confident that the state will pony up similar tax breaks if they were to win the bid. Seems easier said than done considering all of the political infighting and the fact that Christie has gone all-in behind Newark.

    http://www.globest.com/sites/stevelubetkin/2017/10/20/trenton-goes-it-alone-hopes-to-bring-amazon-hq2-to-capital-city/?kw=Trenton%20Goes%20It%20Alone%2C%20Hopes%20to%20Bring%20Amazon%20HQ2%20to%20Capital%20City&et=editorial&bu=REM&cn=20171020&src=EMC-Email&pt=NewJersey

  47. Juice Box says:

    removal of AMT in the proposal?

  48. grim says:

    Yah, AMT gone.

  49. Blue Ribbon Teacher says:

    The idea of bringing Amazon to Trenton is laughable. While other cities have been somewhat improved, Trenton has continued to degrade beyond repair. The murder/crime rate is obscene and every staple business there has fled to Hamilton the past 10 years. One bakery, Barberos, just quit and gave up entirely because their drivers kept getting robbed.

  50. grim says:

    Funny, when we were all talking about eliminating tax “loopholes”, most of us were thinking about corporations leveraging all sorts of tax arcana to reduce their tax burdens. We weren’t thinking about middle class families losing the most basic of deductions. I’m not talking about property tax, I’m talking about deducting NJ state income tax. So now, you pay federal income tax on the dollar you used to pay NJ state income tax. You have to PAY TAX ON A DOLLAR THAT DOESN’T EVEN MAKE IT TO YOUR WALLET.

  51. The Great Pumpkin says:

    We should go to the powers that be and tell them we are not working anymore till they get their got damn hands out of our pockets. So sick of it, this is absolutely criminal…..legaling rob others to enrich yourself. Trump, you are a greedy bastard.

    “Now let’s assume that Congress lowers the rate for businesses like yours to 15 percent, which is exactly what President Trump is proposing. Result? Instead of paying $80 million in federal income taxes, you’ll pay $30 million: 15 percent of $200 million.

    You just saved an astonishing $50 million annually.

    ELIMINATING THE ESTATE TAX

    Eliminating estate taxes has long been a goal of many Republicans, and it is a central feature of the Trump Tax Plan.

    For 2017, the estate tax effectively applies to individual estates over $5.49 million. If you’re a married couple, that means you can die with an estate worth about $11 million and pay no federal estate tax. In addition, there lots of strategies out there, some simple, some sophisticated, to avoid or reduce the tax.

    That being said, our hypothetical billionaire developer would be very happy if the estate tax were eliminated. If you’re worth, say, $10 billion, you could end up saving another $4 billion.

    So here’s a simple question: Is the Trump Tax Plan going to cost our hypothetical developer a fortune, or make him and his heirs a much, much bigger one?”

  52. Yome says:

    Proposed cap on before tax 401k to $2,400 is on the table to help pay for tax cuts

  53. joyce says:

    Libtard,
    Did you ever get clarification on the income property? I haven’t read anything that says you won’t be allowed to deduct the expenses (prop taxes).

  54. grim says:

    This is just f*kcing insane.

  55. Grab them by the puzzy says:

    that’s what São Paulo looks like.
    Grim eating in very expensive, heavily guarded restaurants while Gary’ kids begging on the streets for food

    grim says:
    October 20, 2017 at 9:21 am
    Look, let’s be clear. Grim stands to gain massively from this. I own a pass through entity that’s becoming very profitable. This is more than material for me, and the benefit of the corporate tax rate drop benefits me far more than the loss of the deductions.

    I should be dancing and singing at this, I stand to benefit handsomely.

    I can also shift other employment into another pass through LLC and bill myself out as a consultant, benefit there too.

    I’m lovin’ it. I’ll start buying big trucks through the LLC and write them all off too.

  56. grim says:

    Corporations will continue to be permitted to take state and local taxes as regular business expenses.

    Property owners should consider shifting rental properties into an LLC if they expect to hold long term.

    This assumes these properties are owned free and clear, or the debt can be restructured as a business loan as part of the shift to LLC. You might want to consider employing family into property management positions, and providing them corporate vehicles as part of the position.

    See how easy that is to fuck over the middle class? Trump created a tax policy that turns EVERYONE into Trump.

  57. grim says:

    I spent enough time in Sao Paulo to know, too.

  58. Juice Box says:

    Trumps MO is to borrow bigly and swing for the fences with other peoples money. The state-owned bank of China loaned Trump nearly a billion dollars. The Germans regularly fund him to to the tune of hundreds of millions of dollars.

    American banks not so much.

    It is payback time folks. Tax Reform this week and what is next? Anyone care to Guess?

    How about getting rid of those pesky banking regulations requiring American banks hold additional capital in case of collapse? Consumer Protection Act? nah

    It has already passed the House in June when nobody was looking…….and it is next up in the Senate is Dodd Frank Repeal.

    https://www.senate.gov/legislative/active_leg_page.htm

    Gird your loins…

  59. Fast Eddie says:

    Grim eating in very expensive, heavily guarded restaurants while Gary’ kids begging on the streets for food

    You think Gary doesn’t benefit from corporate tax cuts?

  60. Yo! says:

    Was in São Paulo on February 13 visiting commercial real estate. The malls there filled with beautiful female helpers taking clueless men on shopping sprees. US malls should adopt that concept.

    Is São Paulo whitest major city in Americas?

  61. Fast Eddie says:

    Grim,

    I own a pass through entity that’s becoming very profitable. This is more than material for me, and the benefit of the corporate tax rate drop benefits me far more than the loss of the deductions.

    Explain this further. I’m not sure what this means.

  62. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    “Libtard,
    Did you ever get clarification on the income property?”

    No. This is one of those times I’d probably be better with an accountant. But honestly, if you look at these proposals, they are written in a language that only Nom could understand.

  63. Steams Turd's Congressman says:

    Hello everyone, I’m SteamTurd’s congressman. I’m replying to his email sent this morning.

    Mr. SteamTurd, this issue is a very difficult issue. I had sleepless nites thinking about it.
    You have no idea how it feels knowing that your vote – will cause millions’ of locust boomers to lose their b0n3r pills.

    As a member of the locust generation. I’m proud to say that I have been exocise of things like “shame, empathy, social good or justice”. So there is only one concern. My concern.

    So in closing Mr.Steam Turd, show me the money. Like my lobbying honeys do to me.

    Very truly yours,

    Your Best bought locust boomer congressman.

  64. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Gary,

    The profits of Grim’s booze biz far outweighs the costs to run it. He used to be better off writing off tons of costs. Now with corp taxes dropping so much, he’s better off with increased margin from the lower taxes than from the writeoffs. So, how does this benefit anyone except for Grim?

  65. grim says:

    Basically, instead of paying 35% in federal income tax for my business, I’ll pay 20%. Since it’s a pass-through, I pay corporate taxes on my personal tax returns. Therefore, the corp rate drop results in a direct benefit to my pocketbook.

  66. grim says:

    Yeah, took 2 years of expenses as write-offs on my returns, didn’t carry them forward. Itemized deductions.

    So not only is the rate beneficial for me, the timing couldn’t be any better.

  67. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Taking it one step further. Now that Grim has more take home pay, you would think he’d want to expand his business. Of course, he’s less likely to do so now that writeoffs (purchase of new equipment, i.e.) would not make sense.

  68. Fast Eddie says:

    So, how does this benefit anyone except for Grim?

    He could hire a few people as the business expands, creating more tax revenue while pumping more into the economy.

  69. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    “the timing couldn’t be any better.”

    Let me know when you are going public. :P

  70. grim says:

    I’ll expand my business by leasing a Surburban or a new F-150 and writing that off as a business expense. I need a vehicle for sales meetings and deliveries.

  71. Fast Eddie says:

    We posted at the same time. Expanding business is what business owners do. Why place a ceiling on profit if profit is screaming for more?

  72. Juice Box says:

    Gary single owner LLC different tax tteatment.

  73. grim says:

    Look I’m a card carrying republican who is all for cutting taxes, but this is dumb.

    The incentives to turn your extended family into a corporation are now massive.

    Every weathy family will now shift assets into pass-through corps as tax shelters.

    Grim Inc.

  74. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Ignoring the details, every time I hear a politician mention taxes and say it’s going to get better, the opposite occurs. Not once in my lifetime has my taxes, or the rates gone lower. Florio raised sales taxes. Whitman comes in and lowers state income taxes and you paid for it in increased property taxes and the reduction of the homestead rebate. Then ManGravy comes in and increases the state income taxes, but the homestead rebate remains only for the Greatest Generation. Then Corzine comes in and gives away the farm to the public employees and if I’m not mistaken raised the state sales tax back up to 7%. Then the fatguy comes in and gets some control over the property taxes, but completely blows it on the transportation and gas taxes. Not once have I ever witnessed taxes actually improve for me. The rich? They just keep cutting the taxes on them. I think even Bill Clinton lowered the rate on the top brackets. The middle (in NJ) is screwed.

  75. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    If people did their own taxes, they would see the trend when comparing the final tallies from year to year. It becomes even more noticeable when there’s no wage growth. The Bush Senior years were dismal. Especially as a commuter. I would get no raise. Then NJ Transit would increase their fares by 30%. Then parking at the commute lot would double. It got so bad that my railfares (and I’m talking 12 miles) would not even be completely covered pretax. I think parking and the railfare increases (MTA too) cost me nearly 2K one year. Just the increases!!!

  76. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    If this tax reform does not pass, and the FED is still intent on paying off the great bailout of the rich during the financial crisis (unwinding the books), this market is going to Black Tuesday again. I am very close to pulling out my next 25%. Was a little early on the first 25% (which due to an error of my own, only became about 17%). But I have a strange feeling that I’ll still easily be able to buy back in below that number.

    We had an interesting conversation at our investment club meeting comparing the markets treatment of Elon Musk vs. that of Robert Para. Both fit the profile of the current catchword of the decade, “disruptors.” Elon Musk loses money (both his own and government subsidies) hand over foot. His company, Tesla, is valued at like 60 billion. Robert Para’s Ubiquity Networks, which brought internet to the third world due to the creation of a Cisco that lacked any corporate structure and the expenses that came with it so that routers and switches could be sold at a fraction of the cost, is valued at 4 billion. He invests heavily in R&D but customer service, installations etc., is all forum based and open sourced. It’s the most unique business model and it’s working like clockwork.

    When I see such market inequities, I fear correction. The whole FAANG thing is scaring the crapola outta me. It certainly feels a lot like AOL , Pets.com and Netscape. And my portfolio of stocks, though performing fundamentally quite well is not seeing any market appreciation. Instead, some lucky kid says future travel will be in bank tubes and his perennial negative-P/Eed stock sores to the moon like his rocket commuting idea.

  77. STEAMturd questioning the gender of Hillary's Cankle fluid. says:
  78. Fabius Maximus says:

    Stu

    Stop complaining and enjoy the Greatness!

  79. 3b says:

    Grim/stu what are the chances this passes it doesn’t?

  80. D-FENS says:

    Broccoli and Grapefruits for all

  81. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    My concern is that we are doomed either way.

  82. Juice Box says:

    STEAM- Don’t look a gift horse in the mouth.

    Budget will pass with a 1.5 Trillion deficit. We are now off to the races, Tax reform, gutting of regulations etc. Don’t look a gift horse in the mouth. it will spend spend spend, and lend lend lend….

  83. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    The market is seething at the corporate tax break. But are there enough non-partisan folk who realize how large of a budget hole this will cause. Trump’s only selling point is that the reduction in corporate taxes will cause corps to grow which will make up the massive shortfall in collections. Kind of like when Bernie says, we can give everyone a free college education since a government investment in education will certainly cause increased revenues when all of these new students become Einsteins and create Googles and Teslas. It ain’t gonna happen. Personally, I don’t think it passes. Just like every other unvetted, c0ckamamie idea that Trump floats. Which is why I worry so much about the market.

  84. Juice Box says:

    Grim comment in Mod the website name has a c*o*c*k in it. Please release.

  85. Juice Box says:

    Here is my post.

    Here is a real estate story for ya…… LEND LEND LEND BUILD BUILD BUILD!!!

    10 years ago this was a 91,000 acre swampy ranch, and now soon to be a 18,000 home sustainable community.

    https://tinyurl.com/y99ypoxb

  86. exjersey says:

    NJ – limiting payment to Docs? Yeah that’ll cure the opiate issue.

  87. D-FENS says:

    All the red state citizens are likely calling their congressman and senators telling them to vote in favor of the tax reform bill.

  88. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Nah…people only call when it hurts them.

  89. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Maybe the super rich residents in the red state are calling in the thank you.

  90. D-FENS says:

    Damn coastal elites.

  91. Yo! says:

    Merck whacking another 1,800.

  92. Juice Box says:

    The answer should have been fractional reserve lending. State Bank of NJ!!!

  93. D-FENS says:

    Rut Roh. CA Wildfire arsonist suspect was illegal alien deported several times…

    https://www.ice.gov/news/releases/statement-ice-acting-director-sonoma-countys-repeated-releases-dangerous-criminal

  94. exjersey says:

    3:26 good lord

  95. No One says:

    First they come for the 1% and you say nothing.
    Then they come for the top 5% and you say nothing.
    Then they come for the top 25% and you guys start squealing like a stuck pig.
    Well both Republicans and Democrats claim to abide by the creed below, and as long as it dominates the ethics of our political economy, and collective need is valued more highly than individual rights, expect to continue being sacrificed to the needs of the less fortunate and the more powerful.
    “I have shewed you all things, how that so labouring ye ought to support the weak, and to remember the words of the Lord Jesus, how he said, It is more blessed to give than to receive.”
    So cheer up, altruists, New Jersey will be “more blessed” than ever.

  96. No One says:

    Steam 11:02
    Clinton hiked tax rates. Prior top rate was 31% for all income over $86k
    In 1993 Clinton/Dems created a 36% rate for family incomes over $140k and 39.6% for household incomes over $250k. That was a pretty big hike and I remember working with a stockbroker who was complaining about the big difference it made.
    Then in 1997 Clinton signed a bill that reduced capital gains tax to 20% from 28% and exempted primary home sale appreciation from capital gains taxes. But that was more a Republican than Democratic-led bill.

  97. STEAMturd questioning the gender of Hillary's Cankle fluid. says:
  98. The Original NJ ExPat says:

    I just realized that I left NJ at age 37 and never came back. I’m thinking that’s actually kind of old to leave NJ permanently. Most Jersey folk, if they don’t leave by their early twenties, they’re never leaving, right?

  99. D-FENS says:

    Why don’t you make like a tree and get out of here.

  100. Yo! says:

    Question for people who sell houses in NJ – would an institutional seller such as a bank (REO house) or third party servicer knowingly sell a house to company controlled by a convicted mafia hit man?

  101. exjersey says:

    4:54 i always thought they’d carry me out feet first. Show’s what I know.

  102. Yo knowks best says:

    Yo!, the person’s history is not the problem.

    The problem is the $$. Mortgage? and supporting job and paperwork? If none is the problem unless we go back to 2007 like NINJA loans.
    If all cash, than a lawyer can buy an off-the shelf corporation for privacy and do the deal corporation to corporation.

  103. Yo! says:

    6:39, much thanks for response. So all cash no prob if buyer has all $$$?

  104. Grab them by the puzzy says:

    @jimscuitto

    With due respect, on what basis do Gens Kelly & Mattis criticize the media for asking how & why 4 US soldiers were killed in action?

  105. Grab them by the puzzy says:

    @laurasesdions10
    THREAD 1. What happened in Niger.

    @laurasesdions10
    4. The story that is emerging is so much worse than anything that happened in Benghazi

    5. but the same GOP Congress that investigated Benghazi with a fury seems to have little or no interest in this story.

  106. D-FENS says:

    It isn’t Benghazi. I know Democrats want to make it that. But it’s not even close.

    Nice try though.

    People politicizing this are all doing it in bad faith.

  107. The Great Pumpkin says:

    This post made me think. This nation owes nj big time for their educational output. Obviously, not enough jobs here for all, so our spillover helps the rest of the country. How bout throwing a bone for educating all these individuals helping all these other states.

    The Original NJ ExPat says:
    October 20, 2017 at 4:54 pm
    I just realized that I left NJ at age 37 and never came back. I’m thinking that’s actually kind of old to leave NJ permanently. Most Jersey folk, if they don’t leave by their early twenties, they’re never leaving, right?

  108. The Great Pumpkin says:

    Lol…typical of republicans. Always worried about the debt, yet always driving it up.

    https://www.bloomberg.com/news/articles/2017-10-20/u-s-registers-largest-fiscal-year-budget-shortfall-since-2013

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