Congressman Bill Pascrell

Representing the 9th District of NEW JERSEY

Pascrell Lambastes Republican Plan for Tax Scam Sequel

Sep 6, 2018
Press Release
Newly revealed IRS data show 20 of 21 counties claimed more than $10K average tax deduction before House GOP axed it

WASHINGTON, DC – Today, U.S. Representative Bill Pascrell, Jr. (D-NJ-09), New Jersey’s only member on the House Ways and Means Committee, highlighted just-released 2016 data from the Internal Revenue Service showing that middle class New Jerseyans in all but one county in the state enjoyed an average $10,000 or more State and Local Tax (SALT) deduction shortly before House Republicans voted in near unanimity to cap the tax break at $10,000 in 2017. House Republicans are poised to advance legislation to make those caps permanent this month.

“This data from the IRS is stunning. Middle-class New Jerseyans enjoyed SALT deductions on average of at least $10,000 in 20 of 21 counties in our state. In the three counties I represent, the average SALT deduction in Hudson County was $14,491, Passaic County was $14,714, and Bergen County was $24,783. For decades, our neighbors have used this deduction for medical bills, school tuition, home repairs, and other life necessities. In their tax scam, Republicans voted to steal it and then converted it into tax cuts for corporations. In their own words, Republicans wanted to maliciously bring pain to New Jersey – and they succeeded. The vote tally even included support from one member of the New Jersey delegation who voted to punish his own citizens to give millionaires their money.

“Republicans promised the tax scam would raise wages for regular Americans. This was a damn lie. We have seen how the tax cut has been used on executive bonuses and stock buybacks. Yet, despite universal rejection of their scam, Republicans are ‘full steam ahead’ to another one that would make the new SALT deduction caps permanent. But as we learned from Police Academy II, Caddyshack II, and Matrix Reloaded, the sequel is almost always worse than the original. It’s no wonder so many Americans have given this GOP Congress worse reviews than Jaws: The Revenge.”

Source: IRS.gov

County

Total Returns

Returns Claiming SALT

Total SALT Deducted (in thousands)

SALT Takeup Rate

Avg SALT Amt

Atlantic County

132,660

45,860

505,435

0.346

$     11,021

Bergen County

465,350

218,290

5,409,903

0.469

$     24,783

Burlington County

225,050

101,690

1,439,200

0.452

$     14,153

Camden County

245,100

95,540

1,288,889

0.390

$     13,491

Cape May County

49,930

17,830

201,821

0.357

$     11,319

Cumberland County

66,150

18,080

162,937

0.273

$      9,012

Essex County

372,130

131,980

3,100,184

0.355

$     23,490

Gloucester County

140,720

64,020

815,317

0.455

$     12,735

Hudson County

332,760

97,290

1,409,877

0.292

$     14,491

Hunterdon County

64,920

36,410

762,258

0.561

$     20,935

Mercer County

174,760

73,540

1,460,120

0.421

$     19,855

Middlesex County

404,770

169,270

2,543,189

0.418

$     15,024

Monmouth County

321,630

156,950

3,121,443

0.488

$     19,888

Morris County

253,750

132,570

3,141,718

0.522

$     23,699

Ocean County

286,100

120,220

1,398,299

0.420

$     11,631

Passaic County

249,170

81,870

1,204,665

0.329

$     14,714

Salem County

30,320

10,920

120,006

0.360

$     10,990

Somerset County

168,810

86,700

2,004,447

0.514

$     23,119

Sussex County

72,640

35,730

509,762

0.492

$     14,267

Union County

274,290

110,110

2,183,427

0.401

$     19,830

Warren County

53,550

23,520

296,061

0.439

$     12,588

NEW JERSEY

4,384,460

1,828,350

33,078,958

0.417

$     18,092

 

 

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