Democratic lawmakers will introduce their own state budget Monday that ditches Gov. Phil Murphy’s long-sought proposal to raise tax increases on millionaires in New Jersey, setting up a showdown with the progressive Democratic governor in the coming days, NJ Advance Media has learned.
In their budget, the lawmakers have also scrapped Murphy’s plans to significantly raise permit fees and enact new taxes on guns and ammunition sold in the Garden State, according to two sources familiar with the budget proposal.
Their proposal also does not include Murphy’s call for a $150-per-head penalty paid by New Jersey businesses that don’t provide health insurance and whose employees are therefore enrolled in Medicaid, the sources said.
The sources spoke on the condition of anonymity because they are not authorized to speak publicly.
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