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Experts eye tax changes ahead of Trump-era cuts’ sunset • New Jersey Monitor

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Experts eye tax changes ahead of Trump-era cuts’ sunset • New Jersey Monitor


WASHINGTON — The race to harness the tax code is in full swing as economists and advocates across the political spectrum view the expiring Trump-era tax law as an opportunity to advance their economic priorities.

Democratic Rep. Suzan DelBene of Washington said Wednesday that reworking the tax code will be “a reflection of what your values are.”

DelBene, who sits on the U.S. House Committee on Ways and Means Subcommittee on Tax Policy, said her priorities include modernizing the tax code, raising revenue via carbon fees on imported goods, and making permanent an expanded child tax credit akin to the temporary changes in place during the pandemic.

“The top line is starting from what our values and goals are, and then looking at what the policies are that help us get there,” DelBene said at a Politico-sponsored discussion on proposed tax law changes.

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The early morning event at Washington’s Union Station brought together tax experts and advocates from Georgetown University Law Center, the Urban Institute, the Heritage Foundation and Groundwork Collaborative.

Tax overhaul

The massive tax overhaul ushered in under the Trump administration permanently cut the corporate tax rate to 21% from 35%. The 2017 law, championed by Republicans as the Tax Cuts and Jobs Act, also put in place several temporary measures for corporations and small businesses. Some are phasing out or already expired, including immediate deductions for certain investments.

Temporary changes for households included marginal tax rate cuts across the board, a doubling of the child tax credit, and a near doubling of the standard deduction — all of which are set to expire Dec. 31, 2025.

A bipartisan bill to temporarily extend the expiring business incentives and expand the child tax credit beyond 2025 sailed through the U.S. House in late January, but has been stalled by U.S. Senate Republicans who oppose some of the child tax credit expansion proposals.

A May 2024 nonpartisan Congressional Budget Office report estimated extending the tax cuts would cost roughly $4.6 trillion over 10 years. The bulk of the cost would stem from keeping in place individual tax cuts, according to an analysis of the report by the Bipartisan Policy Center.

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Critics of the 2017 law point to a recent March analysis from academics and members of the Joint Committee on Taxation and the Federal Reserve that shows that the law’s benefits flowed to the highest earners.

DelBene said revisiting the corporate tax rate, even on the Republican side, is “on the table” and lawmakers will be talking about “where the TCJA wasn’t about investing and making sure that we were being fiscally responsible.”

‘Incredibly bullish’

Lindsay Owens, executive director of the Groundwork Collaborative, said Wednesday she’s “incredibly bullish” on elected officials making “fundamental changes” to the tax code next year.

The progressive think tank sent a letter Wednesday to House and Senate leadership and top tax writers urging them “to use the expiration of these provisions as an opportunity to address long-standing problems with our tax code, not just to tinker around the edges.”

The letter was signed by 100 organizations from across the U.S., ranging from the AFL-CIO and the United Auto Workers to the National Women’s Law Center and United Church of Christ.

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Stephen Moore, who helped write the Trump-era tax law and is now the conservative Heritage Foundation’s senior visiting fellow in economics, said the 2017 law was a “huge success” and that “we’re gonna definitely make those tax cuts permanent.”

Moore is an economic adviser for former President Donald Trump’s reelection effort, but said he was not speaking on behalf of the presidential campaign.

He said he does not agree with Trump on everything, including a promise to enact 10% tariffs on imported goods, reaching as high as 60% on Chinese imports.

“A tariff is just a consumption tax,” he said. “And so you know, I think that it is not a great policy, in my opinion. But if you’re gonna have a tariff, I would rather have a tariff that is uniform than trying to have, like, a protectionist tariff to, you know, protect this industry or that industry.”

When pressed on data that shows funding the Internal Revenue Service increases revenue, Moore said that President Joe Biden’s increase in funding for the agency is “diabolical.”

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New Jersey

Vacant lot in Trenton’s North Ward transformed into city park

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Vacant lot in Trenton’s North Ward transformed into city park


Blacksmith Triangle, the site of a former gas station at the corner of North Olden and Lawrence avenues in Trenton, has taken on a new life as the city’s latest green space.

New Jersey Conservation Foundation (NJ Conservation), in partnership with the City of Trenton and other environmental and community organizations, worked to transform the site into a forested park addition over the last two years. Improvements included site clearing and grading, seeding, new sidewalks, bollards, a brick-paved entry plaza, and 14 honey locust trees. The project’s completion was celebrated in May.

The opening of Blacksmith Triangle in Trenton.(Courtesy of New Jersey Conservation Foundation)

The City remediated Blacksmith Triangle years ago to clean up the contamination left behind from its former use as a gas station. But until recently it remained covered with concrete and asphalt and was often used as a de facto parking lot. In 2024, NJ Conservation received a grant from the Licensed Site Remediation Professionals Association Foundation to plant trees on the site, which spurred conversations with Trenton officials about turning the lot into a forested plaza and gateway to George Page Park and the Assunpink Greenway. Construction began in December 2025, thanks to a significant financial contribution from the City of Trenton and additional funding secured by NJ Conservation from private donors.

With this new green space, project leaders aim to increase shade for city residents, who are experiencing disproportionate impacts of climate change. Trenton neighborhoods are dealing with the ‘heat island effect’ that causes higher ambient temperatures in urban areas than in suburban and rural areas.

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“Excessive heat is deadly in our communities, and this work will help future generations of Trentonians cope with the rising temperatures that will come with our new climate realities,” said Jay Watson, NJ Conservation’s Senior Fellow for Conservation Justice. “New Jersey Conservation Foundation is proud to do this green infrastructure work in our capital city.”

At a grand opening celebration for Blacksmith Triangle last month, Paul Harris, Trenton’s Director of Recreation, Natural Resources, and Culture, said the City is excited about the lot’s transformation, highlighting the partnership that made the project possible.

“Our goal is to green as much of the town as we can, but in order to do that successfully, we need to bring on partners,” said Harris.

The revitalization of Blacksmith Triangle is part of a larger greening effort throughout the city. NJ Conservation and its partners — City of Trenton, Isles, the New Jersey Tree Foundation, the Watershed Institute, and the Outdoor Equity Alliance — are working to build a greener, more equitable New Jersey through the Trees for Trenton program. Thanks to a grant from the New Jersey Department of Environmental Protection, 1,000 shade trees are being planted throughout Trenton, creating a healthier environment for residents and visitors.

Trees for Trenton was announced in 2023 at an Arbor Day celebration when the first trees were planted at Mulberry Street Park. More than 900 trees have been planted throughout the city since then.

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Blacksmith Triangle(Courtesy of New Jersey Conservation Foundation)
Blacksmith Triangle
(Courtesy of New Jersey Conservation Foundation)

About New Jersey Conservation Foundation

Recognizing that a healthy environment is critical to the well-being and survival of all living things, New Jersey Conservation Foundation is devoted to preserving land and protecting natural resources throughout New Jersey’s rural, suburban, and urban landscapes.

Since 1960, the nonprofit, nonpartisan, statewide organization has preserved more than 140,000 acres of open space, farmland, and parks. The organization manages more than a dozen nature preserves, conducts public outreach and education programs, and advocates for sensible land use and climate policies that will protect the health of New Jersey’s plants, wildlife, and people for generations to come.

Courtesy of New Jersey Conservation Foundation



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Severe thunderstorm watch declared for much of North Jersey

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Severe thunderstorm watch declared for much of North Jersey


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A severe thunderstorm watch looms over North Jersey on the evening of June 12 after days of extreme heat.

Nation Weather Service New York declared a severe thunderstorm watch for numerous North Jersey counties including Bergen, Passaic, Hudson, Essex, Morris and Sussex among other Central Jersey and New York counties. The watch is in effect until 9 p.m., according to the NWS statement.

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In an hourly forecast from The Weather Channel for Paramus, there is a 74% chance of thunderstorms at 7 p.m.

High temperatures reached past 90 degrees in many parts of North Jersey on June 11 and June 12 as a heat advisory also remains in effect until 8 p.m., said NWS New York.



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Severe Storms, Dangerous Heat Targets NJ Friday

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Severe Storms, Dangerous Heat Targets NJ Friday


“Dangerous heat is expected to continue across much of our region through today, with several record highs likely to be challenged again. High temperatures are forecast to peak into the low to mid 90s across most of the area,” the National Weather Service said Friday.

A Heat Advisory is in effect until 8 p.m. across the state except for Atlantic, Cape May, Cumberland and Salem counties.





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