The three state lawmakers of the 33rd Legislative District, state Senator Brian Stack, along with Assembly members Annette Chaparro and Raj Mukherji, have come out to support Gov. Phil Murphy’s proposed millionaire’s tax.
â€œWe respect our legislative leaders and the process through which they will evaluate our options for a balanced budget,â€ the trio of Hudson Dems said in a prepared statement.
â€œIn that process, we are supportive of Governor Murphyâ€™s proposal for a millionaireâ€™s tax in this yearâ€™s budget, and we thank him for his commitment to working families in New Jersey.â€
Their announcement comes hours after Hudson County Executive Tom DeGise announced his support for Murphy’s proposal, which would increase the annual tax levy those who earn over a million dollars from 8.97 percent to 10.75 percent.
Furthermore, their support was fairly expected given that Murphy made the trek to Union City, where Stack also serves as mayor, for a block party that took place on the same day as the Hudson County Democratic Organization’s spring gala due to a weather-related postponement.
State Senate President Steve Sweeney (D-3), a rival of Murphy’s, and Assembly Speaker Craig Coughlin (D-19), who has mostly kept a neutral stance with the governor, have both come out against the millionaire’s tax.
Murphy has already said that if the millionaire’s tax is not a part of the 2019-2020 budget, which needs to be approved by July 1st, he will likely veto the $38.6 billion spending plan.
In that scenario, it is likely that New Jerseyans would have to endure another government shutdown until a compromise can be reached.
In his eight years as governor, Chris Christie (R) saw five different versions of the millionaire’s tax hit his desk and he vetoed all of them.