tax hikes

NJ lawmakers say new taxes are unlikely next year, but you are still likely to pay more

If Murphy borrows billions, NJ's least favorite taxes could rise

Instead of finding a solution to the tax situation in NJ, the pols decided to create a gimmick that sounded good for a headline, but set us back even further.

The possibility of tax hikes is being openly discussed in Trenton by Democrats, along with other ways to get more of your money to dump into the road and bridge repair fund.

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.

There are two tax increases included in the $34.1 billion Democrat-sponsored state budget approved Thursday, and Gov. Chris Christie has repeatedly promised to veto both of them. One veteran New Jersey political expert said there is an upside and a downside for the governor if he follows through on his veto vow.

President Barack Obama says the economy cannot afford a tax increase on all Americans. He's calling on congressional Republicans to support an extension of existing tax rates for households earning $250,000 or less.