Murphy is trying, again, to tax the super-rich. This is no time to stand in his way

If the Legislature blocks Gov. Phil Murphy’s plan to raise taxes on the super-rich again, for the third year in a row, then they really should hand in their membership cards to the Democratic Party.

But the pandemic could save them from that fate, because the need is so obvious today that the momentum is shifting in favor of the hike. Several legislators say they support the hike and want their leadership to at least allow a vote on the measure this year. In past years, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin have not allowed that, but both are keeping their options open now, given the dire need.

“Everything is on the table,” says Sweeney, D-Gloucester.

Sen. Troy Singleton, D-Burlington, is among those who see change coming. “It’s about sharing the pain,” he says. “We’re all going to have to give of ourselves to move New Jersey forward. This year, more than any other, I really believe it’s going to move forward.”

Read more: https://www.nj.com/opinion/2020/08/murphy-is-trying-again-to-tax-the-super-rich-this-is-no-time-to-stand-in-his-way-moran.html