TRENTON, N.J. – Raising the sales tax to fund NJ Transit’s budget deficit is a proposal staunchly opposed by Assembly Republican Leader John DiMaio. Lobbyists pitched the idea of raising the tax from 6.625% to 7% to replace Gov. Phil Murphy’s corporate transit fee that will fund NJ Transit...
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TRENTON, N.J. – When voting against a bill Thursday to raise the gas tax, establish a fee on electric vehicles and reauthorize a fund that pays for transportation infrastructure projects, Republicans on the Assembly Transportation Committee cited concerns for current road safety, rising costs due to inflation, financial troubles...
TRENTON, N.J. – Assemblyman Christopher DePhillips denounced Gov. Phil Murphy’s rebranded corporate surtax, announced as a transit fee in Tuesday’s budget message, and said applying it to higher earning businesses will still have devastating consequences for the state’s economy. “Make no mistake, this so-called transit fee is the corporate...
TRENTON, N.J. – Assembly Republican Leader John DiMaio and Conference Leader Christopher DePhillips denounced balancing the state budget through tax and fare hikes in advance of Gov. Phil Murphy’s seventh budget message on Thursday. A budget deficit, shrinking tax revenue, inflation and a loss of federal aid has Democrats...
TRENTON, N.J. – A bill to gradually increase the refundable cap on the federal child tax credit to $2,000 passed the House on Wednesday, and now Assemblywoman Aura Dunn wants New Jersey to follow suit. “Both parties in Washington recognized the need to enhance the federal tax credit to...
TRENTON, N.J. – The top Democrat in the Senate last week suggested extending a corporate surtax during the lame duck session to fund NJ Transit, which Assemblyman Christopher DePhillips called predictable, but devastating for New Jersey’s economy. DePhillips, a longtime sponsor of legislation to cut the corporate business tax,...
TRENTON, N.J. – Democrats have not appointed a task force to implement tax relief for New Jersey’s senior population. The StayNJ task force was supposed to submit a report to the legislature on their progress over the past quarter on Sept. 1. Now, over two months later, there isn’t...
TRENTON, N.J. – Assemblyman Christopher DePhillips is challenging Gov. Phil Murphy’s misleading claims that his fiscal year 2024 budget proposal cuts taxes by allowing the corporate business tax surcharge to sunset. “Governor Murphy is taking a victory lap for following the law to drop the surcharge on corporations at...
TRENTON, N.J. – It may be Valentine’s Day, but the NJ Assembly GOP’s new viral video makes it clear there is no love lost between New Jersey Republican policies and Democrat priorities. Given the timeline of Democrat budget blunders, the state simply cannot afford to repeat history, says Assembly...
TRENTON, N.J. – For the sixth year in a row, the Tax Foundation ranked New Jersey last for overall business tax climate in their 2023 report –an annual index that shows how well states are structuring their tax systems. Assemblyman Christopher DePhillips, a longtime advocate for corporate tax reform,...