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millionaire’s tax

millionaire's tax

Governor Chris Christie addresses budget shortfalls in Trenton.  (Governor's Office/Tim Larsen)
Governor Chris Christie addresses budget shortfalls in Trenton. (Governor's Office/Tim Larsen)
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Christie vetoes Democrats’ tax hike [AUDIO/VIDEO]

As he vowed to do, Gov. Chris Christie signed a balanced $32.5 billion state budget into law Monday, but not before he cut two tax increases Democrats inserted to generate revenue to fully fund their year's public employees' pension fund payment.

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The Statehouse
Governor's Office, Tim Larsen
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Legislature approves largest budget in NJ history [AUDIO/VIDEO]

The full New Jersey Senate passed a $34.1 billion state budget on Thursday, voting along party lines, with Democrats supporting the spending plan, while Republicans voted against it.

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NJ Senate President Steve Sweeney
State Sen. Pres. Steve Sweeney (David Matthau, Townsquare Media NJ)
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NJ Dems agree on millionaire’s tax [AUDIO]

To meet the state's obligations like fully funding the pension system, the two have agreed to propose a tax increase that would impact only the New Jersey residents earning $1 million a year or more.

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Assembly Chamber at the Statehouse
(Jeff Zelevansky, Getty Images)
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Assembly GOP blasts Dems’ budget plan [AUDIO]

With Democrats in the state Assembly and Senate recently unveiling alternative budget proposals, both of which hike taxes on New Jersey's wealthiest residents, Assembly Republicans held a State House press conference Monday to blast those plans.

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NJ Millionaire's Tax
Getty Images
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Jim Gearhart and Assemblyman Jon Bramnick discuss the millionaire’s tax [AUDIO/POLL]

Today, Assemblyman Jon Bramnick called Jim Gearhart to discuss the possibility of a Millionaire's Tax in New Jersey.

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NJ Assembly Speaker Vinnie Prieto
NJ Assembly Speaker Vinnie Prieto (David Matthau, Townsquare Media NJ)
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Assembly Dems propose millionaire’s tax [AUDIO]

Assembly Democrats unveiled an alternative budget on Thursday one day after Senate Democrats released theirs. While the two plans differ slightly, there is one common element: they both call for hiking taxes on the wealthy in New Jersey.

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Zoonar RF, ThinkStock
Zoonar RF, ThinkStock
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Time for a Millionaires Tax in NJ? [POLL]

Before you upchuck on your lunch (or whatever it is you’re eating right now), seeing an NJ.com headline saying that “Unions and Advocacy Groups Endorse NJ Millionaires Tax”; unless things radically change between now and Jun

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Money
Zoonar RF, ThinkStock
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NJ Treasurer Nixes Millionaire’s Tax Hike [POLL/AUDIO]

Despite needing to plug a nearly $807 million budget gap before June 30, a hike in New Jersey's millionaire's tax is not likely to happen as a method for producing new revenue according to state treasurer Andrew Sidamon-Eristoff.

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Money
Zoonar RF, ThinkStock
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Poll: NJ Says No to Tax Increases [AUDIO]

This should come as no surprise, but New Jersey residents don't want to see their taxes increased according to a new poll from Fairleigh Dickinson University's PublicMind.

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Statehouse
Statehouse (NJSenateRepublicans.com)
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Tax Cut Bill Officially Introduced In The Assembly [AUDIO]

Last week, Governor Chris Christie first announced his re-tooled tax cut plan on NJ 101.5 FM's Jim Gearhart Show.

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