Congressmen Kean and Landsman introduced bipartisan legislation for tax relief, allowing renters to deduct one month's rent annually.
Quiver AI Summary
Congressmen introduce bipartisan legislation: On March 3, 2026, Congressman Tom Kean, Jr. and Congressman Greg Landsman unveiled the Tax Relief for Renters Act. This bipartisan bill aims to provide financial relief to renters by allowing them to deduct one month's rent from their annual personal income taxes.
Background on housing costs: With over 22 million renters allocating more than 30% of their income to housing, the proposed legislation seeks to ease financial burdens. Eligible households would benefit from a tax deduction of up to $4,000, targeting families with incomes below specific thresholds.
Statements from the congressmen: Congressman Kean emphasized the need for affordable housing solutions, stating, "Housing, a basic necessity, is way too expensive." Meanwhile, Congressman Landsman remarked, "Renters need relief as rent is rising faster than wages," highlighting the urgency of the issue.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Thomas H. Kean, Jr. Fundraising
Thomas H. Kean, Jr. recently disclosed $652.5K of fundraising in a Q4 FEC disclosure filed on January 31st, 2026. This was the 119th most from all Q4 reports we have seen this year. 37.4% came from individual donors.
Kean disclosed $180.0K of spending. This was the 414th most from all Q4 reports we have seen from politicians so far this year.
Kean disclosed $2.5M of cash on hand at the end of the filing period. This was the 156th most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Thomas H. Kean, Jr.'s fundraising on Quiver Quantitative.
Thomas H. Kean, Jr. Net Worth
Quiver Quantitative estimates that Thomas H. Kean, Jr. is worth $13.7M, as of March 3rd, 2026. This is the 93rd highest net worth in Congress, per our live estimates.
Kean has approximately $4.2M invested in publicly traded assets which Quiver is able to track live.
You can track Thomas H. Kean, Jr.'s net worth on Quiver Quantitative's politician page for Kean.
Thomas H. Kean, Jr. Bill Proposals
Here are some bills which have recently been proposed by Thomas H. Kean, Jr.:
- H.R.7648: To establish a grant program to mitigate expenses for municipalities where ICE processing or detention facilities are maintained or under development.
- H.R.7216: Make American Housing Affordable (MAHA) Act of 2026
- H.R.7168: Seton Hall Fire Victims Remembrance Act of 2026
- H.R.6647: Drone Safety Enhancement Act
- H.R.6423: HELP Copays Act
- H.R.6322: Stop Stealing our Chips Act
You can track bills proposed by Thomas H. Kean, Jr. on Quiver Quantitative's politician page for Kean.
2026 New Jersey's 7th Congressional District Election
There has been approximately $36,003,888 of spending in New Jersey's 7th congressional district elections over the last two years, per our estimates.
Approximately $17,819,773 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- HMP ($7,080,571)
- CONGRESSIONAL LEADERSHIP FUND ($6,792,049)
- WORKING FAMILIES PARTY PAC ($1,730,543)
- AMERICA PAC ($1,059,235)
- JERSEY REAL ($319,183)
The rating for this race is currently "Toss Up".
You can track this election on our matchup page for the 2026 New Jersey's 7th congressional district election.
