We all know how the story goes: Steal from the rich and give to the poor. In the story, it’s noble and righteous for the hero to take these actions. So, it’s no surprise that Governor Phil Murphy believes he can sell New Jerseyans on an economic proposal known as the “Millionaires Tax”. Unfortunately, this isn’t a story, and the Millionaires Tax doesn’t steal from the rich to give to the poor. In fact, it steals from small businesses and gives to the bureaucracy of our state government that has proven unwilling and unable to make tough spending decisions.
Murphy’s story goes something like this: New Jersey will raise the state income tax rate for residents who earn more than $1 million, and this will supposedly produce more than $765 million in new state revenue. Currently, the state’s personal income tax rate tops out at 8.97 percent on income over $500,000. Governor Murphy’s proposed Millionaires Tax would increase the marginal tax rate applied to income above $1 million to 10.75 percent.
The town hall crowd showed up Wednesday night in Willingboro to lambaste Gov. Phil Murphy over how New Jersey will dole out aid to public schools in his first state budget proposal. There was worry and anger. Some told Murphy he had let them down. One woman cried, and her 7-year-old son asked the Democratic governor… Read the rest of this entry »
The state Legislature passed legislation Monday handing control of the pension fund for New Jersey’s police and firefighters over to its members. But it’s uncertain whether the governor will sign the bill as is. Gov. Phil Murphy, a Democrat, has concerns over the Democrat-backed bill that would spin off police and firefighter pensions from the broader… Read the rest of this entry »
Governor Phil Murphy is holding a telephone town hall on Thursday evening, March 29, at 7PM, according to an announcement from the NJ Democratic Committee. The call in number is 609-236-7033.
New Jersey’s municipalities are being left out in the cold again by a state budget that seeks to freeze aid to towns at 2010 levels, leaving municipal officials with little choice but to increase property taxes to avoid cutting services. Gov. Phil Murphy’s proposed budget recommends no increase in aid to communities, keeping the level of… Read the rest of this entry »
I must begin by acknowledging the continued perseverance of the hundreds of thousands of residents impacted by the recent storms. Rest assured, we will not stop until every home is restored power, and we will get to the root of the problem. And, we thank the thousands of workers – including those from out-of-state – who have put in countless and tireless hours to fix downed wires.
Eight weeks ago today, I pledged to be a different type of governor. I pledged to create a stronger and fairer New Jersey that measured success not by what we could do for the few, but by what we could accomplish for all nine million of our residents. Read the rest of this entry »
Gov. Phil Murphy is scheduled to present his first state budget this afternoon in a speech before a joint session of the Legislature in Trenton. Since being sworn in earlier this year, Murphy, a Democrat, has promised to take the state in a new direction after eight years under former Republican Gov. Chris Christie. The budget… Read the rest of this entry »
Governor Phil Murphy and Belmar Mayor Matt Doherty looking like Chris Christie on Super Tuesday
Belmar Mayor Matt Doherty has joined the Murphy Administration as the Deputy Executive Director of the Casino Reinvestment Development Authority, according to a story posted by NewJerseyGlobe.
Doherty started the job which does not require confirmation by the state Senate on Monday. His predecessor earned $175,000 per year, according to the NJGlobe report. Read the rest of this entry »
By Rosemary Becchi, J.D., L.L.M.
