Wednesday, October 2, 2024
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Sherrill Urges Passage of Her Bipartisan SALT Bill at Ways & Means Committee Hearing

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Congresswoman Mikie Sherrill

PARSIPPANY — Representative Mikie Sherrill (NJ-11) appeared in front of the Committee on Ways and Means’ Subcommittee on Select Revenue to urge passage of her bipartisan SALT Relief and Marriage Penalty Elimination Act, H.R. 2624. Representative Sherrill’s bill is co-sponsored by Representatives Elise Stefanik (R-NY), Peter King (R-NY), and Gil Cisneros (D-CA), and endorsed by the American Federation of Teachers and National Association of Realtors.

Full text below:
Thank you, Chairman Thompson, Ranking Member Smith, and Members of the Committee for the opportunity to testify today.

The 2017 tax bill’s cap on the state and local tax deduction, known as “SALT,” is the number one issue I hear about in North Jersey.  Since 1913, the SALT deduction has protected many taxpayers from double taxation by allowing them to deduct all state and local taxes from their federal tax liability. That all changed in 2017, when the Tax Cuts and Jobs Act imposed a $10,000 cap on the SALT deduction.

The SALT cap calls into question the very notion of federalism that underpins our government. Let’s be clear: this policy is unprecedented. It violates 150 years of settled federal tax law. And as my friend and New Jersey colleague, Rep. Pascrell, noted earlier: this is a double-tax, and it is punitive.

New Jersey is one of four states challenging the SALT cap in federal court because this is a direct, targeted assault on particular states and particular communities. By capping deductions on state and local taxes, the 2017 tax law imposes a penalty on taxpayers based solely on the circumstances of where they live. It interferes with cities and states’ authority to make their own choices about how to invest in and govern themselves.

Mr. Chairman, nothing is more important to peoples’ daily lives than the ability to afford to live and work in safe communities with good schools and strong public and private resources. Congress made that much harder for tens of thousands of New Jersey families, the ones I represent. There is a misconception that the SALT deduction does not help the middle class, or working families. That is certainly not true in New Jersey

In 2016, every county in New Jersey – except one – had an average SALT deduction above $10,000. In Morris County, the average SALT deduction in 2016 was more than $23,500. As Mr. Pascrell has pointed out, the vast majority of New Jersey residents affected by the SALT are households with middle incomes between $75,000 to $200,000. Just think what that does for teachers in my district. Families in my community have seen their taxes go up because of the SALT deduction cap and, as a result, they are questioning whether or not they can afford to live in New Jersey.

Don’t take my word for it. A recent survey from the New Jersey Society of Certified Public Accountants showed that 60-percent of respondents said that the Tax Cuts and Jobs Act increased the number of clients they would advise to leave the state.

This highlights the failure of the 2017 tax bill. The non-partisan Congressional Research Service recently released a report on economic effects of the 2017 Tax Cuts and Jobs Act. Let me quote it: “On the whole, the growth effects show a relatively small (if any) first-year effect on the economy.”

This trillion-dollar tax law hurt small New Jersey businesses without helping the economy. It increased the deficit instead of increasing wages. It penalized married couples filing jointly. And in a state like New Jersey, it only further penalizes my neighbors who send more money to Washington in federal tax dollars – and get back less – than residents of almost any other state.

Here’s a message I received from Mayor Bruce Harris of Chatham Borough in my district: “The story for Chatham Borough is pretty simple.  The average property tax bill is about $14,100, so 40% is no longer deductible. Obviously that impacts people’s pockets; it also impacts housing values.  NJ is a ‘payer’ state – it sends much more to the federal government than it receives back. New produce a good share of the nation’s wealth, but are being penalized for that. And, need I mention that we can’t even get decent funding from the feds for infrastructure repairs such as the Gateway Tunnel?”

I understand why my constituents do not feel Washington is working for them. The SALT cap is simply taking money out of the pockets of New Jerseyans and rewarding mostly-wealthy residents in states that don’t share our commitment to invest in quality schools and public services.

What’s more, the SALT tax cap is an active threat to penalize any state or local government that decides to invest in its future. That is why New Jersey and three other states are challenging it in federal court.<

This administration, unfortunately, is arguing that the SALT cap is not a “gun to the head” of states. That may be true. But, as a federal judge pointed out in a hearing just last week,”  …it’s a rope to the neck with a gradual squeezing over time.”

While I am committed to full repeal, I also owe it to the people of New Jersey to offer proposals that can garner bipartisan support.

That’s why I recently introduced the bipartisan SALT Relief and Marriage Penalty Act with Representatives Stefanik, King, and Cisneros. My bill, H.R. 2624, would make the SALT deduction equal to the standard deduction taken by taxpayers: $12,000 for individual filers; $18,000 for Head of Households; and $24,000 for joint filers

Mr. Chairman, these are the hardworking people across this country being hurt. We owe them a solution and we owe them a vote. Thank you.





Ice Cream, You Scream an Old-Fashioned Day of Fun

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MORRIS COUNTY — What goes better with a hot summer day than the cold taste of a delicious ice cream treat! On Sunday, August 4, from 1:00 p.m. to 4:00 p.m., take the family to Bamboo Brook OEC in Chester Township to enjoy an old-fashioned summer day filled with games, such as hoops and sticks, croquet, a yo-yo contest, and more. Watch the duck races as entries float through the site’s water features among historic gardens. Bring your camera along for a scenic guided tour. Plan on relaxing? Take your favorite lawn chair and blanket, and even a picnic basket, and enjoy an ice cream treat.

Bamboo Brook’s gardens were designed by Martha Brookes Hutcheson, one of the first women landscape architects in the United States. These gardens were designed for cool fun on hot summer days. So travel back in time to see these gardens in their full summer glory. Cost is $8.00 per person. Pre-registration is required. To register click here or call (973) 326-7601.

The Morris County Park Commission features one of the region’s best park systems in the state of New Jersey. It currently protects and maintains 20,197 acres at 38 distinct sites plus offers a year-round calendar of events and activities for all to enjoy!





Dean’s, President’s Lists Students Named for UA Spring 2019 Term

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MORRIS COUNTY —  A total of 11,406 students enrolled during the 2019 spring term at The University of Alabama were named to the Dean’s List with an academic record of 3.5 or above or the President’s List with an academic record of 4.0 (all A’s).

The UA Dean’s and President’s lists recognize full-time undergraduate students. The lists do not apply to graduate students or to undergraduate students who take less than a full course load.

Among the students are:

Jessica Caprio of Boonton, President’s List.
Alonza Klopfer of Boonton Twp, Dean’s List.
Jordan Stites of Florham Park, Dean’s List.
Lauren Hapanowicz of Morris Plains, Dean’s List.
Mary O’Connell of Morris Plains, President’s List.

The University of Alabama, the state’s oldest and largest public institution of higher education, is a student-centered research university that draws the best and brightest to an academic community committed to providing a premier undergraduate and graduate education. UA is dedicated to achieving excellence in scholarship, collaboration and intellectual engagement; providing public outreach and service to the state of Alabama and the nation; and nurturing a campus environment that fosters collegiality, respect and inclusivity.





Meet Pugsley! He is looking for a furever home

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MORRIS COUNTY — Forever Home Dog Rescue rescued Pugsley and his siblings from a high kills shelter in NC and they are now living in foster homes in New Jersey. The puppies are about 12-14 weeks old and they were owner surrendered because of the owner’s poor health. The owner told the shelter their mom is AKC Belgian Malinois and the guess is their dad is some type of a mix, maybe lab mix. Pugsley has a shiny black coat with white under his chin and chest. And, he currently weighs 17-18 pounds.

Pugsley has a shiny black coat with white under his chin and chest.

This is what Pugsley’s foster family has to say about him…..”Pugsley is so very sweet! He is affectionate and enjoys cuddling and being around people. Give him a belly rub and he will be very happy puppy! This sweet and calm puppy likes playing with my 2 dogs, playing in the yard and he loves playing with toys! When he wants to be petted, Pugsley will sit patiently and just wait for you to pet him. He is a very smart puppy and he is learning quickly from my dogs.  He sleeps through the night without having accidents and he is doing very good with house training.  Pugsley is laid back, sweet and cuddly!”

We are sure when you meet Pugsley, you will fall in love!!

Please email FHDR@att.net for an adoption application if interested in adopting this sweet pup!  You can see more photos and a video clip of him as well as other adoptable pups by clicking here.





Webber bill allowing businesses to deduct food donations clears committee

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Assemblyman Jay Webber

PARSIPPANY —  Businesses that make charitable food donations would be permitted to deduct contributions from their state income taxes under a measure that cleared the Assembly Consumer Affairs Committee today. The bill A1914, sponsored by Assemblyman Jay Webber, would mirror the federal income tax deduction for food donations made from business inventory.

“New Jerseyans are some of the most charitable people in the world,” said Webber (Morris). “It’s time the state starts to reward businesses that make the effort to eliminate waste and help feed the hungry. By offering an incentive like a state tax deduction, we hope to reward those who already do good, encourage more donations, and recognize the businesses that selflessly serve our communities.”

More than a dozen states, including neighboring New York and Delaware, already offer some type of a state-level income tax deduction for charitable food donations. Legislation seeking to create a deduction in New Jersey has been introduced every year for over a decade.

“This is an important piece of legislation that needs to get over the finish line,” said Webber.

To be eligible for the deduction, businesses would have to make the donation to an organization that the IRS has determined is eligible to receive tax-deductible charitable contributions. In addition, the food must fit the federal definition of “apparently wholesome food,” which means it meets all quality and labeling standards imposed by federal, state, and local laws and regulations.





Coldwell Banker Young Professionals Network Collects Food

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The Coldwell Banker Young Professionals Network poses with the food they donated for local shelters at a company meeting

FLORHAM PARK —The Coldwell Banker Young Professionals Network (YPN) recently held a month-long food drive and collected over 2,500 non-perishable food items. These donations were distributed to six local food banks.

YPN members brought the donations to an “Ask Hal” luncheon on May 6 with Hal Maxwell, president of Coldwell Banker Residential Brokerage in New Jersey and Rockland County, New York, at the real estate companies Florham Park headquarters.

Afterwards, the large collection of food was given to the Center for Food Action in Mahwah, Christ Church of Ramapo Feeding Ministries in Suffern, the Church of the Holy Communion in Norwood, Eva’s Village in Paterson, Harvest House in Sussex and The Hoboken Shelter Food Bank.

“I want to thank the Coldwell Banker YPN for providing so generously for the hungry throughout the state. The YPN is an innovative group dedicated to the real estate industry and to giving back to our local communities,” said Maxwell.

The Coldwell Banker YPN is a group of New Jersey real estate professionals engaged in charitable, educational and networking outreaches. This food drive was part of the companywide 2019 Coldwell Banker Residential Brokerage Cares Day community service event, with hundreds of agents and staff giving back throughout New Jersey and Rockland County, New York.

Coldwell Banker Residential Brokerage Cares is a chapter of The Realogy Charitable Foundation. The Realogy Charitable Foundation, Inc. is a 501(c)(3) public charity incorporated in Delaware (Tax ID#20-0755090). The Foundation’s mission is to better the quality of life in communities where NRT LLC/Realogy has a presence.”

Coldwell Banker Residential Brokerage in New Jersey and Rockland County, New York, a leading residential real estate brokerage company, operates approximately 50 offices with nearly 3,700 affiliated agents. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage company in sales volume. For more information click here.





Letter to the editor: Roadside Assistance Insurance

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parsippany focusDear Editor:

When you purchase an automobile roadside assistance insurance policy you should have an expectation of being able to use it when needed for towing and repair. At first glance you’re probably thinking… “Those rotten insurance companies, they’re not paying again.” Not so fast! In New Jersey, the bureaucracy has created all sorts of regulations that subvert your best efforts of protecting your family.

As recently as six months ago, I was driving my son’s car on the Palisades Parkway and I got a flat tire. Initially, I tried to change the tire on my own, unfortunately without success. My next course of action was to call my insurance company’s Roadside Assistance for help. I was relieved to have made contact with the customer service call center, but then a problem manifested itself: the operator asked me where I was located. “I’m on Exit 4 on the Palisades Parkway,” I replied.

The next words from the representative made my blood boil. “I’m so sorry Mr. Auth. We are not permitted to send our response team to the Palisades Parkway.” Unfortunately, exclusive contracts are granted to towing services for certain roadways in New Jersey, and the companies charge very exclusive prices – north of $300 on any given call.

Despite my best efforts to “Be Prepared,” the Boy Scout in me was not rewarded that day. That’s why when I was back in Trenton, I introduced Assembly Bill A5310, which requires certain toll road operators and bi-state agencies to allow drivers to choose their own towing company if it’s been purchased on an insurance policy.

My efforts to prepare ahead and to pay a little extra for the comfort of knowing that my wife, my son, and even my dog Pepe, are not going to be stranded and ultimately taken advantage of, should not be thwarted by a towing company. It is time for us all to be free from unwarranted regulations and to benefit from the services afforded by a competitive market place.

Assemblyman Robert J. Auth

 





Ice Hockey Registration is open for 2019 – 2020 season

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EAST HANOVER — Online registration for the East Hanover Ice Hockey 2019 – 2020 season has begun. The cost is $800.00 per player and/or $600.00 per travel player.

A $400.00 deposit is due by registration and the remaining balance is due by August 31.

Click here to register.

For more information contact hanoverstormhockey@gmail.com.





The Land Conservancy Names New Preserve for Nancy Conger, Board Chair

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West Brook Preserve, West Milford

BOONTON — The Land Conservancy of New Jersey announced it has dedicated its West Brook Preserve in West Milford for Board Chair Nancy Conger.

The Land Conservancy President David Epstein explained that “Preserving this remarkable property was a struggle that we were losing until Nancy got involved to lead the effort. She is our hero and I can think of no one more deserving of this honor.”

The 198-acre Nancy Conger West Brook Preserve was established in 2017 to preserve the headwaters of the West Brook, a major source of clean water for the Wanaque Reservoir where 2 million New Jersey residents get their drinking water.

The Land Conservancy is about to embark upon a major restoration project for a portion of the brook that was diverted into a ditch. The plan involves plugging the ditch and removing a small dam and five culverts to restore water back into the original stream bed and re-flood the wetlands.

The plan will provide more water for the reservoir during dry times of year, reduce erosion, remove invasive plant species, and rehabilitate the habitat of the imperiled eastern brook trout. “I have been delighted to help The Land Conservancy permanently preserve the West Brook,” Nancy said. “Working with this amazing organization has been a thrill as they have continued to preserve the lands that I love.” Nancy began her career on Wall Street as a stockbroker and went on to found the investment firm Red Hook Management with her husband Bill and serve as its President. Nancy served as Board Chair for Wheaton College and recently received an honorary doctorate for her philanthropic work supporting Ursinus College in Pennsylvania. Nancy has been a Land Conservancy supporter for more than two decades. She was elected to the Board of Trustees in 2013, served as Chair of the Governance Committee, and is currently the Chair of the Board.

“Nancy’s passion for The Land Conservancy and its critical work has inspired me and so many of our Trustees and supporters to do more to help preserve New Jersey’s special places,” said Board Vice Chair Andy Dietz. “It is a great honor for me to work with her.”





Assembly approves GOP bill protecting small employers from costly fines for paperwork errors

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Senator Anthony Bucco

MORRIS COUNTY — Small businesses can escape costly fines for first-time filing mistakes under legislation that passed the Assembly today. Sponsored by Assemblymen Ron Dancer and Anthony Bucco, the bill (A1677) suspends fines for inconsequential paperwork procedure violations.

“The state has an unfriendly business environment, and small employers are struggling every day to survive,” said Dancer (R-Ocean). “There’s no need to clobber them with fines for technical errors that don’t harm anyone. New Jersey should focus on growing the economy, not punishing job creators for honest mistakes.”

Fines will not be suspended if the violation harms the general public; interferes with the detection of criminal activity; impacts the collection of a tax, debt or revenue; or if it is not corrected within six months.

“The cost of doing business in New Jersey is high enough,” said Bucco (R-Morris). “The last thing small businesses need is to be burdened with penalties for petty errors. Eliminating another burdensome regulation is always a positive step.”

Small businesses employ more than 1.7 million people in New Jersey.





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