New Jerseyans overwhelmingly support raising taxes on households with annual incomes of more than $1 million, a poll conducted jointly by Rutgers University’s Eagleton Institute of Politics and Fairleigh Dickinson University finds.
The poll shows 72% of the state backs Gov. Phil Murphy’s proposed millionaire’s tax, while 28% oppose it. Of those who support it, 44% do so strongly and 24% are somewhat in support. If the 28% who oppose it, it’s 17% strongly oppose and 14% somewhat oppose.
Democrats back taxing millionaires by a 90%-10% margin – 64% strongly and 26% somewhat. Among independents, support is at 68%-32%.
The millionaire’s tax even holds its own with Republicans: 48% support it and 51% oppose it.
“Support is just as strong for a millionaire’s tax as it was a year and a half ago,” said Ashley Koning, assistant research professor and director of the Eagleton Center for Public Interest Polling (ECPIP) at Rutgers University–New Brunswick. “This may change as more details are released and as the proposal plays out in the Legislature in the coming months, but as of now, this could be the major win that Murphy needs – at least in the public’s eyes.”
A March 2018 Rutgers-Eagleton poll had New Jersey’s support for the millionaire’s tax at 68%-26%.
“The millionaire’s tax is a tricky issue, as we saw in last year’s budget process and as we are starting to see this year,” said Koning. “Right now, New Jerseyans know the state is in financial trouble but don’t want to pay more than they already do, so they support wherever they can ‘pass the buck.’ But a millionaire’s tax may also mean encouraging some businesses and individuals to leave the state – which New Jersey also can’t afford to lose.”Murphy - Full Version - Eagleton-FDU Poll - 4.4.19 - EMBARGOED FINAL PDF