NJ SENATE REPUBLICANS
P.O. Box 099 • Trenton, NJ 08625 • www.senatenj.com • Phone: (609) 292-5199 • Fax: (609) 984-8148
March 10, 2009
Contact: Andy Pratt for
Senator Tom Kean
(908) 232-3673
Tom Kean: Corzine Proposal Puts Added Burden on Struggling Home Owners
Senate Republican Leader Tom Kean of Westfield issued the following statement after Governor Jon Corzine proposed in his budget speech to end the long-standing deduction for property taxes that New Jersey residents can take from their annual income taxes:
“Too many New Jersey homeowners are struggling to stay in their homes. This proposal will eliminate a tax deduction that averages $6,800 a year for each homeowner. The loss of the deduction would make home ownership even harder for New Jersey residents who are struggling to make ends meet during this recession. Governor Corzine should immediately withdraw this proposal to raise taxes on middle class New Jersey by $500 million.”
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