Mnuchin, Ivanka Trump Pitch Tax Plan's Benefits for New Jersey
- State, local tax break issue raised in policy group’s report
- Visit hits county that voted overwhelmingly for Trump in 2016
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People who earn $300,000 a year in New York and New Jersey stand to get “several thousands of dollars” of tax cuts from legislation in Congress, Treasury Secretary Steven Mnuchin said during a visit to a New Jersey fire station.
“For the median family of four, it’s over $1,000,” Mnuchin said during an appearance with Ivanka Trump, President Donald Trump’s daughter and a White House adviser. The pair extolled the benefits of the tax package in a state where some would be particularly hard-hit by one provision: a repeal of some, if not all, federal deductions for state and local taxes.