Being rich seems fun.
I thought Republicans were in charge of cutting taxes for the wealthy. Not anymore, not if Speaker Craig Coughlin gets his way.a bill that would cut taxes for some of New Jersey’s wealthiest homeowners at an annual cost of $2 billion, through the legislature. Coughlin’s looking to goose Dems performance in the suburbs this November and spreading tax cuts around might just do the trick, but the cost is higher than $2 billion.
Don’t miss an issue of our Opinion newsletter! Get it delivered each Wednesday right into your inbox by adding your email below and hitting"subscribe."The benefits of the cuts would overwhelmingly benefit wealthy senior homeowners, and with government so often being a zero-sum game that means it would disproportionately harm middle and low-income households. StayNJ doesn’t pass the smell test.
Gov. Murphy, to his credit, has been vocal in pointing this out, but he and Coughlin are appealing to two different demographics. Murphy has relied on racking up votes in urban districts and Coughlin needs the suburbs to maintain legislative control. Murphy is in his second term with an eye on national office and Coughlin is, presumably, sticking around Trenton. Same party, different priorities.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alabama Gov. Kay Ivey signs grocery tax cut billAlabama grocery shoppers will see a little bit sliced from their bills starting on September 1, and another cut is possible in the years ahead.
Read more »
Governor Abbott Calls for Property Tax Compromise, But Will House and Senate Agree?Governor Greg Abbott backed up his threat to veto additional legislation in a bid to force a compromise between the House and Senate amid debate surrounding property tax relief plans, as he rejected four bills on Thursday afternoon. Prior to asking both chambers to come to an agreement, Abbott had...
Read more »
Gov. Abbott vetoes bills amid property tax impasseGov. Greg Abbott has followed through on his veto threat since the Texas House and Senate have not sent a property tax relief plan to him.
Read more »
Gov. Greg Abbott continues his veto campaign, axing 16 more bills Friday amid property tax impasseAs of Friday afternoon, Gov. Greg Abbott had vetoed 24 bills in the past four days. The governor says other issues aren’t as important as breaking a House-Senate stalemate over the best course on reducing property taxes.
Read more »
Global Tax Mess Awaits U.S. Companies, and Congress Isn’t HelpingU.S.-based multinational companies face a slow-brewing tax squeeze over the next few years. Congress is deadlocked over what to do.
Read more »
Gov. Greg Abbott continues his veto campaign, axing 21 more bills Friday amid property tax impasseThe governor says other issues aren’t as important as breaking a House-Senate stalemate over the best course on reducing property taxes. Texas txlege GregAbbott TexasGOP propertytax
Read more »