Murphy leads new effort by governors to restore your property tax break

Seven Democratic governors, led by Phil Murphy, on Friday urged President Joe Biden to support efforts to fully restore the federal deduction for state and local taxes. The letter by the governors could put additional pressure on Biden to embrace repeal a day after House Speaker Nancy Pelosi, D-Calif., said ending the Republican tax law’s $10,000 deduction cap should be part of the president’s $2 trillion infrastructure proposal. Senate Majority Leader Chuck Schumer, D-N.Y., has introduced separate legislation to repeal the cap, which disproportionately affects New Jersey and other high-tax st…

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