In the old days, we’d have had a rebellion

No worries people, Murphy is on the job. He’s mad and he’s making phone calls. From the Star Ledger:

‘This is a big deal’: Murphy joins growing effort to restore your property tax deduction

They’ve gone to court. They’ve spoken out. They’ve even developed new ways to get around the rules.

Now a group of Democratic governors, including New Jersey Gov. Phil Murphy, announced plans to lobby for passage of legislation restoring the full federal deduction for state and local taxes.

The Governors Coalition for Tax Fairness plans to work with their representatives in Washington and try to convince other lawmakers to end the Republican tax law’s $10,000 cap on the deduction.

“I’ll call anybody,” Murphy said. “This is a big deal.”

Murphy joined the governors of New York, Connecticut, Illinois and Oregon on the first day of the National Governors Association’s legislative conference here to speak out against the tax bill signed into law by Republican President Donald Trump that targeted high-tax states. Except for Oregon, all of the states send billions of dollars more to Washington than they receive in services.

“This is politics masquerading as tax policy,” Murphy said. “It’s appropriate we are having this discussion in the middle of tax season because it is gutting our middle class. It is just plain wrong.”

U.S. Sens. Robert Menendez, D-N.J., and Rep. Bill Pascrell Jr., D-9th Dist., members of the congressional tax-writing committees, have introduced bipartisan legislation to restore the full deduction and pay for most of the costs by re-imposing a 39.6 percent tax rate on the richest Americans.

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12 Responses to In the old days, we’d have had a rebellion

  1. grim says:

    Lest I remind everyone of the Whiskey Rebellion.

  2. The Original NJ ExPat says:

    Did a spammer claim frist? That would be a frist.

  3. The Original NJ ExPat says:

    Nobody under the age of 50 even knows what that is. The fourth turning is beginning by those who can’t even count to four.

    Lest I remind everyone of the Whiskey Rebellion.

  4. grim says:

    I mean, those guys in Western PA tarred and feathered tax collectors.

  5. The Great Pumpkin says:

    Wow, corporate culture is finally getting it.

    “Mean­while, the over­all phi­los­o­phy that drove 3G to promi­nence is los­ing pop­u­lar­ity. De­loitte es­ti­mates that only 7% of U.S. com­pa­nies plan to use ZBB over the next two years, down from 16% in the past two years. As one ma­jor food com­pany CEO put it: “You can’t save your way to pros­per­ity.””

  6. chicagofinance says:

    NY Post Headline on Robert Kraft
    “Inflate Gate”

  7. Juice Box says:

    What no 70% top rate? Will raising the top rate back up to 39.6% even come close to paying for removing the tax deduction cap of $10,000? I don’t think so.

    High-income taxpayers tend to generate most of their incomes from sources other than salaries and wages. In reality only 38% of income earners above $1,000,000 a year pay the current top rate of 37%.

    If anything this bill will just add more to the deficit at the expense of the children! Think of that the children will have to pay!

  8. Juice Box says:

    from the NY Post.

    “First there were Tom Brady’s deflated balls — and now this!”

  9. Juice Box says:

    I am surprised a guy as rich as Kraft stooped so low as the visit the cut rate services of a rub and tug joint in Jupiter Florida.

  10. The Original NJ ExPat says:

    Pumps does his own double yellow rub and tug and then pretends his wife did it for him.

  11. Not Juice Box says:

    Juice, I beg to differ.

    Is not that he’s going low, but the anonymity that it provides. It was not just him

    In today’s culture of unrelenting publicity and personal egotism, finding someone that is discreet is difficult. How is a baby boomer billionaire Medicare Part D recipient going to use his b8n3r pills.? Plus you forget is Florida.

  12. Bruiser says:

    Who knew cutting a healthy animal to the bone would result in the animal no longer being able to get up and run any more. Corporate culture can be so f*cking dumb.

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