The Institute on Taxation and Economic Policy, a progressive research group, said 80% of the 1.9 million New Jerseyans who would benefit from removing the cap had an average income of $216,000 or less, even though 72% of the benefits would go to the richest 5%.
The House’s August recess had been temporarily short-circuited and lawmakers called back to Washington this week after Gottheimer and eight other Democrats threatened to upend a two-track solution. Read more
