PHILADELPHIA (CBS) — While visiting Camden, Sen. Cory Booker, D-N.J., slammed the Republican tax proposal that could go to the floor for a vote by the end of the week. He says New Jersey would lose important tax breaks.
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Booker calls it an insult if the Republican-led Senate eliminates middle class tax breaks for homeowners and the state sales and income tax deductions.
“This is not right or left,” Booker said. “This is an assault on our state that will hurt our state economy, cost us jobs and cost people their homes.”
Booker says many folks are locked into 30-year mortgages with the understanding that they could make critical deductions.
“This is outrageous. It is a direct assault,” he said. “They are targeting this state.”Suspect In Custody After Shootout With SEPTA Police Outside Terminal In Upper Darby
He says Republicans are unfairly punishing New Jersey and other high tax states, most of them governed by Democrats, including California and Maryland, to fund tax cuts for the rest of the country.
“And that’s why you’re seeing some Republican congresspeople from this state coming out against this tax plan,” Booker said.
Booker says “you don’t need to be a tax accountant to understand that eliminating tax breaks like this would place a heavy burden on New Jersey families.”
Republicans in D.C. have a very different interpretation of the proposed tax plan.
Speaker Paul Ryan said the GOP’s tax plan will boost the country’s GDP by 3 to 4 percent, create 1 million jobs, and double the standard deduction for every single tax payer in America.
President Donald Trump also backed the tax plan.
“It will be the biggest tax reduction in the history of our country,” said Trump.MORE NEWS: Chicago-Area Family Still In Shock After They Hired Home Improvement Contractor Via HomeAdvisor, Only For The Contractor To Smash Up Their Property
Booker says he has no idea how the vote on this tax plan will go. Republicans can only afford to lose two votes from their side and only one GOP senator has said publicly they will not vote for the plan.