Jersey Dems Want to Raise Taxes on the Wealthy

Better, they say, than Chris Christie’s plan to cut worker pensions.

New Jersey Democrats are responding to Chris Christie’s plan to balance the state budget by lowering pension payments to state workers with a counter-proposal: Raise taxes on the rich, instead.

Senate President Stephen Sweeney (D-Gloucester), who staked his political future on a controversial pension reform three years ago, yesterday announced that Senate Democrats would introduce their own budget to fully fund the state’s pension obligation by increasing taxes on the wealthy and on corporations.

“The governor talks about the need to have an adult in the room? Well, there is a Plan B,” Sweeney said, taking a swipe at Christie’s insistence that he cannot plug the state’s two-year budget gap without cutting pension payments by $900 million this year and $1.5 billion next year.

Christie, however, has vetoed a so-called “millionaire’s tax” three times, and is thought likely to do again. (NJ Spotlight)


Be respectful of our online community and contribute to an engaging conversation. We reserve the right to ban impersonators and remove comments that contain personal attacks, threats, or profanity, or are flat-out offensive. By posting here, you are permitting Philadelphia magazine and Metro Corp. to edit and republish your comment in all media.

  • The Silent Majority

    TAX THE RICH!!! TAX THE RICH!!!

    …and watch them hide their money or get a shiny new house in another state and claim residency. NJ will wind up with less than they have now. While we’re at it let’s raise the minimum wage so more people ages 16-25 can lose their jobs and we can get a little less tax revenue. Once we’re done with that we can start looking for more tax revenue by TAXING THE RICH AGAIN!!! Yeah!! THAT will teach those RICH jerks. Yeah. Soon they won’t have any money to do things like buy stuff, build houses, go to work, hire people with less money than they have to do things for money so they can uplift themselves through hard work and a sense of accomplishment. Yeah. Let’s tax the rich.

    I have an idea. How about cutting down on government waste? I think you’ll find enough money for everybody.