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Trump’s tax plan could seriously hurt New Jersey homeowners: gubernatorial candidates

BOONTON, N.J. — The Republican candidate to succeed Chris Christie in this year’s election says the part of GOP President Donald Trump’s tax overhaul plan that eliminates property tax deductions would be “disaster” for New Jersey.

Guadagno said Monday at a news conference in Boonton that she’s already begun to lobby the state’s congressional delegation to oppose that part of the plan. New Jersey has the highest average property taxes in the country.

The Trump administration’s plan calls for eliminating property tax deductions from federal returns. She praised other parts of the plan, specifically cuts on corporate taxes. It would lower rates from 35 percent to 20 percent.

Democratic candidate Phil Murphy came out against the plan entirely and criticized Guadagno for not more forcefully opposing the plan.

“As usual, @KimGuadagnoNJ has been reluctant to stand up to the GOP in Washington on behalf of New Jersey,” he tweeted. “But let’s be clear: anything less than full-throated opposition to this plan is tacit approval of a massive tax hike on New Jersey taxpayers.”

Christie, a Republican, is term-limited. Election Day is Nov. 7. No one in America pays higher property taxes on average than the residents of New Jersey,