More than prep; homebuyer credit needs work; tax shots across the Hudson; and other highlights from our favorite tax bloggers.
Whine of the times
Home games
- Tax Vox (
https://www.taxpolicycenter.org/taxvox ): A tax credit for first-time homebuyers could be an important step towards restructuring how the U.S. subsidizes home ownership. How the version in President Biden’s 2025 budget misses an opportunity by being temporary and by retaining the current mortgage interest deduction. - Marcum (
https://www.marcumllp.com/insights ): In what seems like the endless sparring between “convenience of employer” and reciprocal taxation states, the New Jersey Economic Development Authority has approved a $35 million pilot program to spur businesses to relocate New Jersey residents who work out of state (read “in New York”) back to the Garden State. - Mauled Again (
http://mauledagain.blogspot.com/ ): A mileage-based road fee continues to get the blogger’s support and continues to be attacked by people who “either do not understand how it works or who haven’t bothered to dig into the details rather than offering coined phrases invented by the anti-tax lobbyists.”
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