Income Tax, Economic Opportunity for All
WSJ: The New Jersey Tax Spiral Continues
In a June 24th editorial in The Wall Street Journal the paper’s Editorial Board took New Jersey’s leadership to task for pursuing taxation policy that is eerily similar to that which brought the State of Connecticut to the brink in recent years:
“Now that Democrats have the run of Trenton, the only questions are whose taxes are going up and by how much. Whatever budget agreement Messrs. Murphy and Sweeney may eventually arrive at, it seems likely to cement New Jersey as one of the most taxing places to live and work in America.”
Read the full editorial here.
Last October, GSI produced a research report on how Connecticut presented a cautionary tale for governance in the State of New Jersey. Check out the report here.