New Jersey CPA asked New Jersey’s Democratic gubernatorial candidate Rep. Mikie Sherrill and Republican nominee Jack Ciattarelli to provide comments on their top priorities for the state; what can be done to attract and retain businesses; taxes; pensions; and how to improve the state’s economic well-being. Here's what they said.

Per the OBBBA, the new exemption will be a permanent change, which will remove the uncertainty that existed with the potential sunsetting of the TCJA exemptions and create a higher baseline for tax-free wealth transfers going forward. However, planning for the exemptions to be permanent forever may be shortsighted.