New Jersey is potentially holding off hiking its income tax due to the possibility of the state and local tax deduction being eliminated in the GOP tax plan, according to the president of the New Jersey Senate. “I’m actually very concerned for the people of this state if this Trump tax happens, and I think we’re going to have to re-evaluate everything once that happens,” Senate President Steve Sweeney said Nov. 15 in reference to hiking the state’s tax rate on the highest earners from 8.97 percent to 10.75 percent. The Senate tax plan, which was voted out of the...