Newark Star-Ledger: U.S. House paves way to increase property tax breaks after delay spurred by N.J. Democrat

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%.