To: The New Jersey State House, The New Jersey State Senate, and Governor Phil Murphy
No more tax cuts for the rich in NJ!
Don’t strike a bad transportation funding deal that cuts taxes on inherited wealth for New Jersey's rich and raises them for everyone else.
Why is this important?
Something awful is brewing in Trenton. New Jersey Democratic legislators are considering a terrible bargain with Republicans that would give NJ’s wealthiest (another) tax cut, raise taxes on working families, and blow a hole in our finances.
The basics: Republicans would agree to hike the gas tax to fix NJ’s crumbling roads and bridges, but ONLY IF Democrats agree to cut or eliminate NJ's inheritance and estate taxes.
Gov. Chris Christie recently called this ridiculous proposal 'tax fairness.' But while everyone would pay for a gas tax, just one in ten estates is subject to the estate and inheritance taxes. Most of the revenue comes from estates of $1 million or more.
This plan would be Robin Hood in reverse: raising taxes on working families while delivering yet another tax cut to the wealthy. We expect tax cuts for the rich and tax hikes for the rest from Republicans. The really scary part is that Democrats may go along with this awful scheme – unless we act now.
The basics: Republicans would agree to hike the gas tax to fix NJ’s crumbling roads and bridges, but ONLY IF Democrats agree to cut or eliminate NJ's inheritance and estate taxes.
Gov. Chris Christie recently called this ridiculous proposal 'tax fairness.' But while everyone would pay for a gas tax, just one in ten estates is subject to the estate and inheritance taxes. Most of the revenue comes from estates of $1 million or more.
This plan would be Robin Hood in reverse: raising taxes on working families while delivering yet another tax cut to the wealthy. We expect tax cuts for the rich and tax hikes for the rest from Republicans. The really scary part is that Democrats may go along with this awful scheme – unless we act now.