WBGO Journal Podcast

In his second budget, Gov. Murphy again calls for a higher tax on N.J. millionaires


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Gov. Phil Murphy is again calling for New Jersey to raise its income tax rate on millionaires, a proposal that was shot down last year by legislative Democrats as the state hurtled toward a government shutdown. In his second proposed budget, which he announced Tuesday, Murphy suggested expanding the state’s highest income tax bracket of 10.75 percent to include anyone making more than $1 million per year. Murphy predicts it would mean additional $447 million if the state expanded its highest
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WBGO Journal PodcastBy Doug Doyle

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