Income taxes would be cut, property taxes would be helped by municipal and school aid and residents would get rebate checks under Assembly GOP budget sketch.
Bipartisan support for legislation to lower the age at which working adults without children become eligible for the state EITC from 25 to 21 in New Jersey.
It took a worldwide pandemic – plus $500 checks to middle-class families in an election year – to get a millionaires tax back on the books in New Jersey.
New Jersey commuters who used to cross a river into New York or Philadelphia but have been working from home could yield an unexpected windfall for the state.
Gov. Phil Murphy hasn’t yet identified changes in the post-coronavirus state budget though has indicated he’d still like to increase the millionaires tax.
Lawmakers don't appear convinced that around $800 million in health plan savings are enough to justify the millionaires tax sought by Gov. Phil Murphy.