The Finance 202: Rubio’s last stand highlights tax bill’s corporate skewby wpjljron
Friday, December 15th, 2017.The Finance 202: Rubio’s last stand highlights tax bill’s corporate skewTHE TICKER Sen. Marco Rubio (R-Fla.). (Aaron P. Bernstein/Getty Images) Want more stories like this? Sign up here. At worst for Republicans, Sen. Marco Rubio’s opposition to their tax package sinks the bill. If he remains opposed, as does, say, Sen. Bob Corker (R-Tenn.), only one more Republican defection would mean failure. Much more likely, […]
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At worst for Republicans, Sen. Marco Rubio’s opposition to their tax package sinks the bill. If he remains opposed, as does, say, Sen. Bob Corker (R-Tenn.), only one more Republican defection would mean failure. Much more likely, leaders reach an accommodation with the Florida Republican that satisfies his demand for expanding the child tax credit.
Opening a pool this summer is going to be a quite a headache for New Jersey’s senior and residential facilities if there’s no quick changes to the rules espoused by the Murphy Administration.
On Thursday, state Senator Declan O’Scanlon (R-13) offered a blistering assessment of the Administration’s latest nonsensical regulations.
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“In order to conform to the PRB you have to submit your AFP and CPOPP to the LHA. No idea what the hell all that stands for?!? Welcome to the labyrinthine, Rube Goldberg world of operating a pool in New Jersey!” quipped O’Scanlon who represents a substantial chunk of Monmouth County, a top summer tourist destination. “Once you slog through the 48 pages of executive orders that apparently somehow apply, you then have to deal with the 11 pages of the NJCP&ARF standards (New Jersey COVID-19 Pools and Aquatic Recreation Facility Standards). Those pages contain more than 100 paragraphs, items and bullet points.”
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Good Friday morning!
It’s pretty clear Gov. Murphy is relishing the attention his predecessor continues to get by appearing on TV and teasing a presidential campaign. Murphy this week nixed a bill that would have essentially re-started and made permanent former Gov. Chris Christie’s Red Tape Review Commission, taking a couple big shots at Christie in the process.
Credit: andrew mead via unsplash
New homeowners
A new assistance program for needy first-time homebuyers and a new tax incentive to encourage saving for a first home are the latest legislative efforts to help people purchase a house in one of the most expensive states for housing in the nation.
The Senate Community and Urban Affairs Committee on Thursday approved two bills to expand financial assistance to help people buy or rehab a first home. It also endorsed a measure that would provide a period of mortgage forbearance to some homeowners impacted by the coronavirus pandemic.
One bill (S-1762) would create the New Jersey First-Time Home Buyer Savings Account Program. Under this program, people with incomes of $175,000 or less and who have never owned a house would be able to establish a special savings account at a participating bank to deposit money toward a home purchase. A saver would get a 5% state income-tax credit for contributions of up to $15,000 a year to the account.