www.njbiz.com/article.asp?aID=77448 -
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Published on: 2/28/2009
Last Visited: 2/28/2009
Jarrod Grasso, executive vice president with NJAR, said in an interview the organization already had plans to meet the congressional delegation.
With Obama's announcement Thursday, the trip has taken on new meaning.
"This is going to be our primary focus - to get a feel where our congressional delegation stands on this issue, and to explain why this is wrong," he said.
"While New Jersey enjoys the second-highest household median income in the nation, our taxpayers also bear the heaviest state and local tax burden in the country," Grasso said.
...
Grasso called the proposal a "negative message" to homeowners.
"Everything Congress has done in the past has been to promote housing in the last six months to a year.
Now we're taking a step back," he said.
Grasso said a combination of state and national legislative pressures could be disastrous to homeowners in the state.
...
Grasso could not state how many local homeowners could be affected by Obama's plan.
Given the high cost of living in the state, he believes the pinch could be widespread.
"A working family making more than $250,000 isn't out of the norm, especially in certain parts of the state," he said.
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