Article snippet: Democrats in New Jersey are hoping that MORE's tax-cut law provides them with a boost in the midterm elections. The law caps the state and local tax (SALT) deduction at $10,000, a change that hurts people in high-tax states such as New Jersey, which has the highest property taxes of any state. All but one New Jersey Republican voted against the tax law, in large part because of the limit on state and local tax deductions. Democrats on the campaign trail say restoring the full deduction means putting their party back in charge of the House. Republicans highlight that most New Jersey taxpayers are expected to see a tax cut as a result of the new law. The Urban-Brookings Tax Policy Center (TPC) estimated that 61.5 percent of households in the state will see a tax cut in 2018 due to the major individual income tax provisions in the law. “With a roaring economy and consumer confidence near an all-time high, Republicans stand to benefit greatly at the ballot box this fall,” said National Republican Congressional Committee spokesman Jesse Hunt. However, TPC estimated that 10.2 percent of New Jersey households will see a tax increase — the greatest percentage of any state. And a big reason is a change in the state and local tax deduction. It could be critical in the race for the House majority itself. Democrats need a net gain of 23 seats to take back control of the House. They have a chance to gain as many as four seats in New Jersey. According to the Cook Political Re... Link to the full article to read more