New Jersey’s first Sikh mayor is preparing to take office on New Year’s Day and is already voicing his opinions about the new Republican tax law.
Ravinder Bhalla, Mayor-Elect of Hoboken, says that the Tax Cuts and Jobs Act is an assault from red states to blue states, on a national level. He claims that, at a local level, the attack is aimed at the residents of New Jersey. The state has a high tax rate, and the new plan limits deductions taxpayers can receive on state and local taxes up to $10,000. In the past, taxpayers did not have a capped limit.
“That’s going to have a huge economic impact on New Jersey, New York, California, and other states,” Bhalla said. “I am making sure I will do everything I can as mayor, to protect Hoboken residents where policies from Washington impact us, whether it's economic or otherwise,” he said.
The Tax Cut and Jobs Act goes into effect in the new year, but elected officials have already begun to take action. New York Governor Andrew Cuomo recently passed an “emergency executive action” plan that allows property owners to pay taxes ahead of the new legislation.
For full interview [click here](https://cheddar.com/videos/hobokens-first-sikh-mayor-to-be-inaugurated).
President Joe Biden is arriving in Israel for a lightning round of diplomatic efforts.
Here's what to know ahead of voting for House Speaker.
The IRS plans to invite select taxpayers across 13 states to try out the agency's pilot electronic free file tax return system beginning in January.
Russian President Vladimir Putin arrived in Beijing, underscoring China's continued support of Moscow amid Russia's ongoing war in Ukraine.
The Justice Department is appealing the prison sentence of the lengths of four Proud Boys leaders who were convicted in the January 6th Capitol attack.
Supreme Court Justice Amy Coney Barrett endorsed the idea that the court adopt a formal code of conduct.
The Supreme Court ruled it would allow the Biden administration to regulate so-called ghost guns, or those untraceable homemade weapons, and also barred two Texas-based manufacturers from selling products that can be turned into ghost guns.
The Commerce Department on Tuesday updated and broadened its export controls to stop China from acquiring advanced computer chips and the equipment to manufacture them.
And in a surprise move, President Joe Biden has joined former President Trump's Truth social platform.
The Supreme Court ruled it would allow the Biden administration to regulate so-called ghost guns, or those untraceable homemade weapons, and also barred two Texas-based manufacturers from selling products that can be turned into ghost guns.
