For the Many: A Good Start — But New Jersey Needs More

Governor Sherrill's budget takes a step toward tax fairness — but the scale of the crisis demands bolder action.

TRENTON, NJ - MARCH 10, 2026  — For the Many released the following statement in response to Governor Mikie Sherrill’s first budget address:

“We appreciate Governor Sherrill’s recognition of the serious fiscal challenges facing New Jersey and her commitment to affordability. Her proposals to scale back certain corporate tax breaks are an important step toward making the tax code fairer.

But the math is clear: the scale of the problem demands a broader approach. At a time when Trump-era tax cuts delivered massive windfalls to the wealthiest households and large corporations, New Jersey cannot take progressive revenue options off the table.

A true “yes and” approach means building on the Governor’s proposals by also closing the offshore corporate profit loopholes and asking the wealthiest households to contribute a little more. Together, those steps could raise the revenue needed to protect essential services and make New Jersey more resilient in the face of harmful federal policies.

We look forward to working with the Governor and legislative leaders to pursue solutions that strengthen our state and make life more affordable for everyone. “

About For The Many

For the Many is a statewide coalition of more than 30 organizations committed to fixing New Jersey’s upside-down tax code and ensuring the state budget works for everyone — not just the wealthy few. Our members include labor unions, grassroots community groups, immigrant justice advocates, environmental leaders, anti-poverty organizations, and policy experts from across the state. Learn more at peoplesbudgetnj.org.

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