New Jersey Governor Phil Murphy will unveil his first state budget plan in a speech to a joint session of the legislature tomorrow.
Republican lawmakers are urging Murphy to reverse his campaign promise and not propose a tax surcharge on millionaires.
Senate Minority Leader Tom Kean says increasing taxes would send a bad message to individuals and corporations.
“Any changes that Governor Murphy makes should focus on property tax relief. Any new investments or extra revenues should focus on property tax relief.”
Senate President Steve Sweeney has proposed a surcharge on corporations that make more than a million dollars in profit in New Jersey.
Instead of fighting over which taxes to raise, Assembly Minority Leader Jon Bramnick says majority Democrats in the legislature and the Governor should reduce spending and lower property taxes.
“You’re going to see the Democratic Party do exactly what they did a decade ago, send us on a mission to higher taxes, more people leaving the state, more businesses either planning to leave or not entering the state.”