Economy Commentary

APP.com: Hold the Applause on Budget Deal

“The Democrats never disagreed on the need to reach more deeply into New Jersey taxpayers’ wallets. The issue was whose wallets did they most want to target this time around. While the agreement was portrayed as a way to get the state’s corporations and wealthiest citizens to pay more of their fair share, the truth is that no one is exempt. Don’t delude yourself into thinking the fact that the Democrats mostly went after the rich and the corporations will ease the burden on everyone else. In the long run – and likely much sooner – the taxes on the wealthy and corporations will trickle down to all of us.”

Read the full editorial here.

 

 

Recommended Posts

Commentary

Sherrill’s first NJ budget was new. The process wasn’t

Gov. Mikie Sherrill promised New Jerseyans a different approach to governing. Her first budget reflected the priorities of a new administration. But while the budget was new, the…

Analysis

New Jersey’s Output and Income Lackluster in Q1

Real GDP growth rate of .8% well under nation’s 2.1%. There was a similar gap for the growth of income. The first quarter of 2026…

Commentary

NJ’s state budgets spur our spiraling affordability crisis

As New Jersey enters the final stretch of its budget process, policymakers in Trenton face a familiar temptation: close gaps, fund short-term priorities and declare success —…