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Deal in place on millionaires tax
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| Contributor | WSNJ |
| Last Edited | WSNJ Sep 16, 2020 06:13pm |
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| Category | News |
| Author | David Wildstein |
| News Date | Thursday, September 17, 2020 12:00:00 AM UTC0:0 |
| Description | Gov. Phil Murphy and legislative leaders are close to a deal that would approve a millionaires tax accompanied with a tax cut for middle class families, the New Jersey Globe has learned.
The plan would give Democratic votes to Murphy’s plan to raise the tax rate of New Jerseyans in the top income-tax bracket.
In exchange Murphy has agreed in concept to support a proposal to give about 650,000 New Jersey families a tax cut of about $500, legislative sources told the Globe. |
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