Federal tax overhaul revisions not enough to sway LoBiondo
WASHINGTON, D.C. - Not terrible, but still not good enough for my support, says Representative Frank LoBiondo (R-2) of the federal tax overhaul measure that heads to a vote on Capitol Hill this week.
The vote might take place as early as Tuesday. Lawmakers reportedly conceded to Senator Marco Rubio (R-FL)'s demand for expanded child care tax credits for low-income families, from 55 percent to 70 percent..
LoBiondo, who leaves the House at the end of 2018 after 25 years, responds positively to the retention of medical and education deductions, but he maintains that the $10,000 deduction cap on combined property and state income taxes is too restrictive for New Jersey.
In prepared remarks, LoBiondo said:
"When the tax reform debate began, I made clear what I could and could not support in a final bill. Hard-working South Jersey residents already face excessive taxes from Trenton, thus preserving key deductions at the federal level would be critical to garner my support. While improvements have been made from the House-passed version to retain deductions for medical and educational expenses, the $10,000 collective cap on state and local income tax and property tax deductions will be detrimental in my high-tax state of New Jersey. I will be voting NO as it is in the best interest of my South Jersey constituents."
LoBiondo's district includes all, or part, of Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Ocean and Salem Counties.
His neighbor to the north, Representative Tom MacArthur (R-3), remains the only New Jersey federal lawmaker unequivocally committed to an 'aye' vote.
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