While some states across the country are taking the lesson from last year’s tax reform that flatter and fairer is a better tax code, New Jersey is on the brink of doing the opposite. Governor Murphy’s budget will hike taxes by $1.5 billion, spend an extra $2 billion, and do little to tackle the mounting pension crisis. Tax-and-spend schemes like this threaten the economic and fiscal vitality of the state, and lawmakers must reject it.
Read full story here.