GOP hopeful Jack Ciattarelli says NJ property taxes will be cut if elected
Gubernatorial candidate proposes tax code with three brackets
Jack Ciattarelli says NJ property taxes will be cut if elected
New Jersey Republican gubernatorial candidate Jack Ciattarelli proposes a new taxing formula to make the state more economically competitive.
New Jersey Republican gubernatorial candidate Jack Ciattarelli said he'd cut property taxes and introduce a new state tax code if elected, during an interview on "Varney & Co." Wednesday.
JACK CIATTARELLI: The first tax we need to cut is the property tax. It's the most punitive tax of all. It touches every citizen, whether they own or rent, every business, whether they own or rent, and particularly small businesses.
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The highest bracket we have now is eight points more than Pennsylvania, and if we're going to be regionally competitive, we need a new tax code. I'm proposing putting forth new tax brackets, only three, that benefits all New Jerseyans.
WATCH THE FULL INTERVIEW BELOW
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