Archive for Tag: inflation

Murphy administration’s Big Oil lawsuit is a political stunt that will only fuel higher prices, says Wirths

TRENTON, N.J. – Taxpayers can’t afford to play politics, says Assemblyman Hal Wirths following Tuesday’s Big Oil lawsuit announcement from Gov. Phil Murphy’s administration. Officials from the attorney general’s office, DEP and consumer affairs are suing five oil and gas companies and a trade group for contributing to the...

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Budget signing signifies a worse-off New Jersey, says Assembly GOP Leader

TRENTON, N.J. – Assembly Republican Leader John DiMaio has been critical of the budget, and again pointed out that the state budget is full of tax relief gimmicks and unsustainable spending as Gov. Phil Murphy signed the $50.6 billion fiscal year 2023 budget. “Governor Murphy likes to say this...

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Republicans test Dems’ commitment to affordability by calling for bigger, permanent and immediate tax breaks

TRENTON, N.J. – Did Democrats really heed the call for a more affordable New Jersey after the November election? It seems unlikely as Democrats rebuffed Assembly Republican attempts on Wednesday to provide immediate, expansive and permanent tax relief for struggling families in the state’s massive $50.6 billion budget. “I...

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Republicans reject bill increasing auto insurance premiums for N.J. drivers

TRENTON, N.J. – Republicans argued a bill to increase auto insurance coverage limits considered in the Assembly Financial Institutions and Insurance Committee on Thursday would result in a less affordable New Jersey and higher costs for consumers at a time of record-high inflation. The bill (A4291) increases the minimum...

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Assembly GOP leaders put income, property tax cuts to a vote

TRENTON, N.J. – The Democrats’ support of a more affordable New Jersey was put to a vote on Thursday when Republican leaders pressed the Assembly majority to advance bills cutting income taxes and providing immediate property tax relief. The bills are part of the Assembly GOP’s proposals to combat...

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GOP leaders push for tax cut package in budget

TRENTON, N.J. – In response to surging state revenues and record-high inflation, Assembly Republican Leader John DiMaio and Assembly Budget Officer Hal Wirths on Tuesday announced a four-point plan that would provide residents immediate relief in this year’s state budget and achieve sustainable tax reforms. “Taxpayers can’t wait for...

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