The head of the association for New Jersey CPAs says the estate tax cuts are already changing financial advice, even though the cut hasn't gone into effect yet.
Overshadowed by the anger about the gas-tax hike, and negotiations over tax cuts, is that the Transportation Trust Fund plan OK's $12 billion in borrowing.
The gas tax appears to have the support needed to pass Friday in the Senate. Could public pressure change any minds, or did Wednesday just delay the inevitable?
If out-of-state drivers stop buying as much gas in New Jersey once the tax increases, it could push the hike above 23 cents. Lower sales would mean a higher tax.
Drivers will apparently get at least a two-week reprieve before a 23-cent hike in the gas tax goes into effect. Legislature expected to vote on plan Wednesday.
Gas taxes in New Jersey will probably be 23 cents a gallon higher by this time next week. The governor and legislative leaders agreed to that as well as cuts in sales and estate taxes.
An assemblyman says the state should borrow $3.2 billion for two years of roadwork, then try again to hike the gas tax in 2018. Stop punting, say critics.
Gov. Chris Christie met separately this week with both of the Legislature’s top Democrats, as the impasse that has shuttered state-funded transportation construction enters its third month.