NJTV: Lawmakers Introduce Bipartisan Bill to Fully Restore SALT Deduction

But analysts with the nonpartisan Institute on Taxation and Economic Policy say it’s inaccurate to isolate the SALT deduction. In reality, the average taxpayer in New Jersey will pay less. On balance, New Jersey will pay $8.1 billion less in federal taxes due to the GOP reform. Their figures show 82 percent of taxpayers will get a cut and just 10 percent will see a hike. Read more