Business groups pan entrepreneur’s tax ie…millionaire’s tax, see hope for tax cut compromise
Business advocates had equally strong reactions to two tax proposals from Democratic legislators that emerged on Thursday: in favor of tax cuts and opposed to a millionaire’s tax.
Assemblyman Louis D. Greenwald (D-Voorhees) said there would be an Assembly proposal to set aside $183 million for property tax cuts, although they would depend on the state meeting administration revenue projections. A Senate Democratic spokesman said the Senate would also make tax cuts dependent on reaching revenue goals. (Kitchenman, NJBIZ)