Poll: Should Taxes Be Increased for New Jersey Millionaires?

Democrats are considering a ballot measure for 2013 that would increase taxes on New Jerseyans who earn more than $1 million a year.

Democrats want people in the state's highest income bracket to pay more in taxes. Gov. Chris Christie has refused to discuss the issue and has promised to veto any tax hike that comes his way.

So the Democrats in the state Legislature say they are prepared to put the question on the ballot in 2013 -- when Christie will be running for a second term.

"If we need to do this by referendum because the governor refuses to bend, then so be it," Assembly Majority Leader Lou Greenwald (D-Camden) told NJ.com. "But then the public should know that they waited for two years because the governor sided with the wealthiest 1 percent over the 99 percent."

An Assembly budget plan that included the tax hike on millionaires passed, though Christie has promised a veto. He vetoed similar measures in 2010 and 2011.

Polls have shown that New Jersey voters support the millionaires' tax, though they also support most of the governor's other reforms, including an income tax cut.

What do you think? Vote in our poll and leave your thoughts in the comments.

Majority of New Jersey Voters Support Christie Income Tax Cut

Joe R April 12, 2012 at 03:00 AM
Whitney Tilson is a hedge fund manager and a member of Patriotic Millionaires for Fiscal Strength. Whitney Tilson says: " I am part of the 1 percent of the 1 percent. By that I mean that I am fortunate to be a wealthy American and I say, “It’s okay to raise my taxes.”" Watch out, Whitney, some of the rightwingnut geniuses on SB Patch will accuse you of being a commie, socialist, Marxist-Leninist, Trotskyite Maoist redistributionist, don't you know.
Jack Wagon April 12, 2012 at 10:35 AM
Joe, take a breath……I'll try to explain it so you can understand it. Raising taxes on the wealthy is nothing but a campaign gimmick by the Obama administration. It will raise $4 billion/year, top end. This is what our bloated federal government spends in 1 day. They need to fund their spending problem. The point is instead of trying to fix the economy with a plan of substance that cuts wasteful government spending to the bare bones, which should be the priority, the economic wizards at the WH decided that they think it's only fair that the rich pay more taxes even though the top 5% pay almost 60% of all fed. taxes already. This "ridiculous plan" does absolutely nothing for the priority one problem of fixing the economy. The White House has no answers economically, so they pivoted to raising taxes to million dollar income households because, according to them, "It's the right thing to do". That maybe so, but what will it accomplish other than make those that are not as successful feel better that the wealthy have to pay higher taxes only because of their "crime" of being successful. This is divisive class warfare that punishes the wealthy for being wealthy, nothing more. Joe - All your post point to you being a socialist. Just own it.
Jack Wagon April 12, 2012 at 11:16 AM
And how many jobs will this create?
Jack Wagon April 12, 2012 at 11:47 PM
And how will this lower property taxes?
Lisa C June 26, 2012 at 04:16 PM
Here's the problem... the tax increases are not focused on the 1%. Most of the 1% have no EARNED INCOME. Their wealth is in investments that are not counted as income. A "millionaires tax" hurts small businesses that produce income for the owners. It does not hurt or in any way affect the 1%. They won't even see a penny more spent if it passes.


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