Syndication: NorthJersey
TRENTON, NJ (AP) — New Jersey Governor Phil Murphy says he and fellow Democratic legislative leaders have agreed to raise income taxes on millionaires while also giving about 800,000 families a $500 tax rebate.
Murphy announced the deal Thursday alongside Assembly Speaker Craig Coughlin, Senate President Steve Sweeney and Lt. Gov. Sheila Oliver. The agreement fulfills a core campaign promise Murphy made of raising taxes on the wealthy.
Making an announcement on middle-class tax relief. WATCH: https://t.co/UYJWnrlRFg
— Governor Phil Murphy (@GovMurphy) September 17, 2020
Murphy says the rebate would go to single people with at least one child and earning up to $75,000 and to families making up to $150,000.
