Senate Minority Leader Tom Kean attacked Democrats over a progressive coalition’s call for more than $3 billion in tax hikes.
“Democrats believe that hiking our taxes by $3 billion will fix New Jersey’s problems, but that’s an economic fallacy,” Kean said. “New Jersey’s property taxes and business taxes are already the highest in the nation, leading nearly half of New Jerseyans to consider moving their families and work out of the Garden State. The Legislature must reject policies like these that have never worked and focus our efforts on making New Jersey more affordable and competitive.”
For the Many, a coalition of progressive groups that include many making up Gov. Phil Murphy’s base of support, on Tuesday announced a call for more than $3 billion in tax increases, including new tax brackets for those making more than $250,000.
No elected official has ay this point endorsed the coalition’s platform, which is unlikely to gain any ground in the legislature.
“New Jerseyans are moving out because it’s simply too expensive to live, raise a family, and retire here,” Kean said. “This is separating grandparents from grandkids, forcing extended families to use Skype and FaceTime as their primary form of communication. We need to take a step back and evaluate our state spending so we can cut taxes for New Jersey families, not raise them.”