Organizations Sign Letter Calling for NJ State Legislators to Pass the Millionaire's Tax

TRENTON — This morning, elected officials, grassroots activists and New Jersey residents held a joint press conference at the State House Annex to unveil a letter urging all State Legislators to pass a millionaire’s tax either as part of Governor Phil Murphy’s proposed 2020 state budget or separately as its own piece of legislation (S1516/A2703).

The letter has been signed by multiple organizations representing consumers, communities, families, small businesses, immigrants, environmental advocacy, and workers from dozens of fields and industries.

A millionaire’s tax would provide $250 million in direct property tax relief and fund many other priorities such as public education, health, environmental protection and infrastructure. Nearly two-thirds of New Jersey residents favor a millionaire’s tax after years of tax breaks benefiting both the wealthy and large corporations.

“Governor Christie vetoed the millionaires tax multiple times, but now we can inject real tax fairness that does right by the many, not the few in this administration,” the groups stated in the letter. “We urge you all to stay true to your promise and support Governor Murphy’s tax fairness proposal that is not only necessary but also supported by New Jerseyans.”

Read more: https://www.insidernj.com/organizations-sign-letter-calling-nj-state-legislators-pass-millionaires-tax/