New Jersey’s Governor Just Proposed a Millionaires’ Tax. So Why Is the Legislature Opposing It?
“New Jersey Gov. Phil Murphy is battling his Democratic colleagues in the state legislature over this very premise. The legislature is hesitating on Murphy’s proposal for a millionaire tax hike, restoring the sales tax to a pre-Gov. Chris Christie rate of 7 percent, and an end to budget gimmicks that made his predecessor’s fiscal plans seem more responsible than they were. At stake are investments in public education, transit, affordable child care, and other pillars of economic security. The showdown couldn’t be more relevant for antipoverty advocates or anyone interested in a more equitable economy.”