Newark Star-Ledger: Nearly 100 economists wrote Gov. Murphy a letter. They said, we must raise taxes

According to analyses by the Institute on Taxation and Economic Policy and New Jersey Policy Perspective, modest adjustments to income tax rates on those earning $250,000 and more would raise approximately $1.5 billion in new revenue each year while making the overall tax code fairer. Extending the temporary corporate tax surcharge of 2.5% on businesses with profits of $1 million or more would provide $425 million in additional annual revenue to invest in critical assets and services. Read more

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