millionaire's tax

Because he and Democrats are now battling over which taxes to cut, not which taxes to increase, Governor Chris Christie's new mantra is, "We've already won the argument."

State Senate President Steve Sweeney says as long as Governor Chris Christie continues to push his 10% state income tax cut, he'll continue to criticize it as a giveaway to the rich.

Leading Democrats wasted no time Tuesday is blasting Governor Chris Christie's State Budget Address, most notably his proposal for a 10% across-the-board income tax cut phased in over three years.

Much of the talk in and around the State House in Trenton over the last month has focused on the Democrats' all-out effort to legalize gay marriage in the Garden State.

Any suspense that may have been lingering about whether or not Democrats will revive legislation to re-impose a millionaire's tax increase is now officially gone. State Senate President Steve Sweeney promises, "One way or another, one way or another, this is going to get addressed this year."

Dr. Charles Steindel, chief economist for the New Jersey Treasury, released research yesterday designed to inform the debate over the effects that tax rates have on individual decisions to leave or stay in New Jersey.

The Christie administration is pushing back on Democrats' efforts to revive a tax surcharge on New Jersey's wealthiest residents. The Treasury Department released new data Monday showing that higher taxes drive out top income-earners. Treasury's chief economist Charles Steindel surveyed financial advisers this summer...