New Jersey Republican State Chair Doug Steinhardt on Wednesday took aim at Gov. Phil Murphy after the latter declined to close the door on another tax hike in next year’s budget negotiations.
“When leaders speak of tax increases, even casually, it breeds economic uncertainty, especially in a tax climate as unfriendly as New Jersey’s,” Steinhardt said. “If we don’t take indiscriminate tax hikes off the table, then businesses and the well-paying jobs that come with them will take New Jersey off the table. It’s just that simple.”
In June, Murphy and Democratic legislative leaders reached a budget deal that saw the creation of a new tax bracket for those earning more than $5 million per year and raised the state’s corporate business tax.
That deal was a compromise between the two camps, and it’s possible that Democrats will see renewed feuding come June, as Senate President Steve Sweeney and Assembly Speaker Craig Coughlin have previously indicated they would oppose further tax hikes.
But it’s likely too soon to tell what changes to the budget either camp will seek come June.
“I would say everything is on the table. Period, full stop,” Murphy said.