Murphy: Millionaire’s Tax in the Budget or Bust

Fighting with his own party – and a system of mutually assured opportunism – over the 2020 budget, Governor Phil Murphy this afternoon threw down another gauntlet in the direction of the Democratic-controlled legislature.

“Pressure for a millionaire’s tax will intensify not lessen if it is not included in this budget,” Murphy vowed.

Legislative leadership on both houses opposes the tax, and plans to move forward with votes for a budget bill this coming Thursday that lacks a millionaire’s tax.

The last gubernatorial administration ensured the rich did well, said the governor.

The Trump Administration is ensuring they do well, he added.

“We don’t begrudge success,” Murphy said.

The rich simply need to pay their fair share, he argued.

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