Phil Murphy on Tax Reform
Not giving up the fight for a millionaire's tax
I am going to fight for the middle-class values that built New Jersey in the first place. It's why I am not giving up the fight for a millionaire's tax, so we can ease the property tax burden on millions of middle-class families and seniors and do more
to help our public schools. Overwhelming majorities of residents--of all political stripes--support this. We should, too. The millionaires and corporate CEOs made out just fine in the last recession--and they will again when the next one hits.
Source: 2020 New Jersey State of the State address
, Jan 14, 2020
Stronger & fairer funding instead of massive tax breaks
A stronger and fairer New Jersey funds its public schools and delivers on the promise of property tax relief; makes a four-year college more affordable and provides free access
to community college; and creates new training programs to prepare our residents for jobs in an innovation-driven economy.
A stronger and fairer New Jersey creates tools for small businesses--and women, veteran, and minority-owned businesses--to thrive, instead of delivering massive tax breaks to a handful of select and connected big
corporations that don't need them in the first place.
A stronger and fairer New Jersey ensures the wealthiest among us pay their fair share in taxes so working and middle-class families can keep more of their hard earned money.
Source: 2018 New Jersey Inauguration/State of the State speech
, Jan 16, 2018
Wealthiest 1% pay far lower share of taxes
Rather than holding bankers accountable for wrecking the global economy, Governor Christie and the insiders in Trenton kept looking out for special interests while all the economic gains went to those at the top. In New Jersey, the wealthiest
1% continue to pay a far lower share of their income in state and local taxes than the lowest-income residents. Phil will put the interests of New Jersey's working and middle-class families ahead of Wall Street by:
Source: 2017 N.J. gubernatorial campaign website, Murphy4NJ.com
, Jun 6, 2017
Creating a public bank to invest in Main Street, so that NJ money is put to work for NJ, not for Wall Street;
Ensuring tax fairness by enacting a millionaire's tax and closing loopholes for wealthy individuals and large corporations; and
- Holding bankers accountable by prosecuting financial fraud.
Page last updated: Jun 30, 2020