Just Taxes Blog by ITEP

New Jersey Policy Perspective: Fast Facts: Proposed Tax Changes Would Bring More Balance to New Jersey’s Tax Code

May 24, 2018

ITEP
xITEP Staff

The tax changes proposed in Gov. Murphy’s first budget would bring more balance to New Jersey’s tax code by raising taxes on the wealthiest one percent while reducing them for the lowest-income New Jerseyans.[1] Updating the tax code would also raise nearly $2 billion in new revenue for targeted investments in early education, public transit, health care and other essential public services.

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