How NJ Is Helping to Lessen the Burden of U.S. Tax Reform

The video features a discussion with Marcie, a senior director at Fitch, about New Jersey's financial challenges following the 2017 tax reform. The state is exploring charitable deductions to mitigate the impact of the SALT deduction cap. New Jersey faces budget constraints, including pension and infrastructure needs. As fiscal year 2020 approaches, there is concern about raising taxes, despite the governor's interest in expanding programs like community college access. The budget season is expected to be contentious.

What impact has the salt deduction cap had on New Jersey residents?

What strategies is New Jersey pursuing to help residents deal with a higher federal tax burden?

What are some budget constraints that New Jersey is currently facing?

How has federal tax reform affected the willingness of New Jersey's legislature to raise taxes?

What specific programs is the governor of New Jersey interested in expanding?