The republican led tax code overhaul would eliminate state and local income and property tax deductions. Congressman Leonard Lance believes his party’s plan puts Garden State taxpayers at a financial disadvantage.
“We have average property tax bills in this state of $8,400 dollars. In the district I serve it’s higher than that. In the country as a whole it’s $2,400 dollars,” Lance said.
Democratic Rep. Bill Pascrell says it would cost the average New Jersey resident about $3,500 a year.