New Jersey’s top Republican has pledged to fight Gov. Phil Murphy’s plan to package a millionaires tax with a $500 middle class tax rebate.
“Blink and you’ll miss the next Trenton tax hike,” said Republican State Chairman Doug Steinhardt. “That’s how fast Phil Murphy and his Democrats are spending your money.”
The New Jersey Globe first reported an agreement between Murphy and legislative leaders to approve a tax increase on the state’s top-income bracket that will be accompanied by a tax cut for about 650,000 New Jersey families with household incomes under $150,000.
“Let’s be clear, these newest tax schemes will land in the same place every other Democratic tax scheme lands: in the pockets of New Jersey’s middle class,” Steinhardt explained. “At a time when Trenton should practice restraint and find creative ways to spend less so you can save more, they don’t, can’t and won’t.”
Steinhardt is considering a bid for the Republican nomination for governor next year.
He pledged that Republicans “will continue the fight for leadership that will have the government give back to the people when times are tough, not ask even more of our overburdened citizens.”
Another potential opponent for Murphy next year, Assembly Minority Leader Jon Bramnick, told the Globe on Wednesday evening that New Jersey will lose high-income residents if Murphy and the Democratic-controlled legislature approves their deal.
“We are already the number one exit state. Governor Murphy is giving another gift to the Florida economy,” Bramnick said.