On Thursday NJ Working Families organized a press conference that included elected officials, affiliates and allies that called on Governor Christie to give up his reflexive opposition to asking the wealthy and corporations to pay their fair share. We all should share in this sacrifice, and the wealthy and well connected shouldn’t be exempt.
Here’s Mark Magyar in New Jersey Spotlight’s coverage of the event:
What the Democratic decision to push a millionaire’s tax does is add a debate over whether the wealthy are not paying their fair share of New Jersey’s taxes, as Democrats and labor leaders contend, or whether high income and inheritance taxes are already pushing the wealthy to leave the state, as Republicans and business leaders argue.
Sweeney contends that New Jersey’s budget problems, which led Christie to cut $2.4 billion in pension payments promised in Fiscal Years 2014 and 2015 to plug the most recent deficit, stem from the state’s slow economic growth and Christie’s unwillingness to consider raising taxes to meet the state’s spending needs.
The Senate president declared, “We don’t have a spending problem, we have a revenue problem” — the exact opposite of Christie’s argument when asked about tax increases.