TRENTON, N.J. – Assembly Republican Leader John DiMaio was critical of Speaker Craig Coughlin’s statement promising to use the surging surplus to fund the ‘largest tax relief program in state history’ as another short-term government gimmick that does little to address the root causes of New Jersey’s affordability crisis.
“A tax relief program paid for by tax revenue is not real tax relief. It is a short-term big-government gimmick that is like putting gauze over a permanent wound instead of a Band-Aid,” DiMaio (R-Warren) said. “The Democratic majority, who raised nearly 60 additional taxes, should have never taxed us so much in the first place. We have to cut taxes if we want to give residents real relief.”
The Legislature received a revenue update from the Office of Legislative Services Monday that estimates a state surplus of $6.9 billion more than what Gov. Murphy expected when he proposed his state budget earlier this year.