Murphy Staggers into another Millionaire's Tax Rundown with Plucky Sweeney
Gov. Phil Murphy won’t deliver his proposed state budget to the Legislature for another six months, but in his recent comments, he’s made it clear that for the third consecutive year he’ll ask for an increase in the tax on incomes above $1 million.
And, if history is any guide, for the third consecutive year the Legislature won’t accede.
Murphy’s pounded the drum for the millionaire’s tax since his 2017 campaign, driving the point that wealthy New Jerseyans are escaping paying their fair share and that his demand for an increase in their taxes enjoys upwards of 70 per cent public support.
None of it mattered, though, as Senate President Steve Sweeney (D-Gloucester), and Assembly Speaker
Read more: https://www.insidernj.com/murphy-staggers-another-millionaires-tax-rundown-plucky-sweeney/