Trump's Tax Plan Will Hurt New Jersey More Than Anybody, Report Says

Trump's Tax Plan Will Hurt New Jersey More Than Anybody, Report Says


By:  Tom Davis
Parsippany Patch

 

President Donald Trump's tax plan is being pitched as a boon for the middle class. But if you're a New Jersey resident, a new report says you're likely to be hurt more than helped.

"While on the campaign trail, the president promised to cut taxes on the middle class," Sen. Bob Menendez said. "But we see that under his plan, the top 1 percent, the millionaires and billionaires would receive nearly half of all the tax cuts, getting an average of $175,000 back, while almost a quarter of middle-class families would actually see a tax increase.”

Read full story here