Murphy responds to Democrats rejecting his demand for a millionaires tax

nj.com | 6/17/2019 | Staff
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After Democrats in the Legislature shut down his demand to send him a millionaires tax in the state budget, Gov. Phil Murphy said Monday the new spending plan “falls short on the principle of tax fairness” and said he wants to work with top lawmakers on something better.

It’s Murphy’s first reaction after the Democratic-controlled Legislature quickly approved a $38.7 billion budget through key committees Monday that denies the governor his millionaires tax — something he’s wanted for years and pushed aggressively for since he unveiled his budget in January.

Revenues - Investments - People - State - Murphy

“It leaves us without the stable and sustainable revenues to secure the investments we seek to make in our people and our state,” Murphy said in a statement regarding the budget proposal the full Legislature plans to vote on Thursday.

“It makes unnecessary cuts to valuable programs while increasing spending on non-vital ones and eliminates our first deposit in a decade into the state’s empty Rainy Day Fund, leaving New Jerseyans less prepared for an economic downtown,” the governor said. “So, at this point, as I have stated again and again, every option is on the table.”

NJ - Democrats - Budget - Murphy

N.J. Democrats acting fast on $38.7B budget that defies Murphy. And...
(Excerpt) Read more at: nj.com
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