Jersey Jazzman: Correcting the Hacks on NJ Taxes

Jersey Jazzman: Correcting the Hacks on NJ Taxes

Correcting the Hacks on NJ Taxes

Nothing makes me crazier than hacky discussions of tax and fiscal policy. And if you want the hackiest hacking about New Jersey's taxes, there's only one place to go: the Star-Ledger's opinion pages, where you'll find conservative Mike DuHaime and "liberal" (snort) Julie Roginsky hacking out the hackiest fiscal hacking imaginable:

Mike: Trenton Democrats will never let a good crisis go to waste. They are using COVID to raise income taxes, raise business taxes, raise taxes on healthcare and borrow billions. I am surprised Sweeney and Coughlin are supporting an income tax increase. The top 1% of earners in New Jersey are paying 40% of New Jersey’s income taxes. The top 10% pay 70% of the taxes. Wealthy people are leaving New Jersey, and as they leave, it is the middle class who keep getting more and more of the tax burden.

Julie: This deal fell into place because Speaker Coughlin was committed to provide real relief to working middle-class families and was finally able to spearhead an agreement that does just that by providing families with children with the money to pay for back-to-school expenses and other bills next year.

Mike: This is less than one-half of 1% of a tax credit for the average New Jersey household. Taxpayers deserve structural reforms that lower the cost of government and lower our heavy tax burden.

Julie: I agree, Mike. But in all the years a Republican governor was at the CONTINUE READING: Jersey Jazzman: Correcting the Hacks on NJ Taxes