Senator Gerald Cardinale (R-39) issued the following statement in response to a media report that this year’s election-timed property tax rebates will actually cost the average New Jersey taxpayer $81.
“Only the politicians in Trenton could come up with a supposed property tax relief plan that will actually cost taxpayers money. The Democrat tax and spend machine brags about the average rebate checks of $1, 051, but their sham program has been exposed by the media.
“When you subtract the amount of last year’s homestead rebate, add the 4.4 percent average increase in property taxes, add the sales tax that cost the average family an estimated $275 more this year, and the fact that taxpayers who file itemized returns and took a deduction for property taxes must report the rebates as income on federal tax returns for an additional $294 dollars lost — you do not receive the much-ballyhooed amount of $1, 051. The average taxpayer is now losing $81 thanks to the fact that we have an Administration and Legislature that takes money out of one of your pockets, puts a fraction of it back in your other pocket, and then waits for you to reward them with your vote!
No wonder a recent study has shown that middle class families are leaving the state in droves. They simply cannot afford to foot the bill for what passes as ‘relief’ from Trenton.”
Link to Post:
Similar Posts:
- O’Toole: Lautenberg Is Right Everyone Should Get A Property Tax Rebate
May 13, 2008 - COAH Victim of the Week: Wall Township
August 5, 2008 - Ciesla, Wolfe & Holzapfel Announce Extended Deadline for Filing Property Tax Rebate Applications
August 14, 2008 - Roberts’ Plan Must Directly Lower Families’ Property Tax Bills
April 16, 2008 - Oroho: Corzine Budget Will Hurt Middle Class
June 30, 2008
