InsiderNJ Poll: What Do You Think Of Senate President Sweeney's Corporate Tax Plan? By Insider NJ | March 7, 2018, 1:49 pm | in Caucus Room What do you think of Senate President Sweeney's plan to recapture lost tax revenue from the federal tax reform by imposing a 3% surcharge on corporations making more than $1 million in net income?It's a great plan that should be implemented and will bring much needed revenue back into New Jersey to fund schools and other programs.It's a good plan, but we need to find more ways to increase New Jersey's revenue stream. Solid, but just a first step.It's not a good plan. It could give businesses another reason to uproot and leave the state and will stop other businesses from thinking about relocating to New Jersey.It's a horrible plan.President Trump cut taxes, and New Jersey is looking for a way to make an end-run around lower taxes?No way.Learn how to cut spending, not increase revenue.Make New Jersey Affordable Again. It's a horrible plan and backs Governor Murphy into a corner: if he supports it, it could risk business flight and negatively impact his desire to grow the economy, or he opposes the plan and risks further eroding his relationship with the Senate President. It's a great plan, and both Senate President Sweeney and Governor Murphy (if he supports it) will reap the benefits of moving it forward. Vote Article Tags: Phil Murphy Senate Steve Sweeney Click here for the full Insider Index
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