As Inflation Skyrockets, This NJ Bill Aims To Prevent Hidden Tax Hikes

A bipartisan bill introduced by Senate Republican Leader Anthony Bucco would index New Jersey’s income tax brackets to inflation each year, using the federal Consumer Price Index to adjust the thresholds. The goal is to stop “bracket creep,” where cost-of-living raises push residents into higher tax brackets even though their buying power stays flat. Bucco has been pushing for this since 2016, and the bill is now sitting in the Senate Budget and Appropriations Committee waiting for a hearing.