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Feeling overburdened, N.J. residents keep eyes on tax-cutting talk in Trenton
As the income tax cut Gov. Chris Christie included in his budget plan, and a competing property tax credit proposal from Democrats, get more coverage in the state, an overwhelming majority of registered voters have finally recognized New Jersey as one of the highest-taxed states in the nation, though their concerns about not getting their money’s worth from the taxes they pay is nothing new, according to a poll.
“Historical data show that state and local taxes in New Jersey have been among the highest in the nation for at least the past 40 years,” said David Redlawsk, director of the Rutgers Eagleton Center for Public Interest Polling, in prepared remarks. “But it took a while for people to fully recognize that fact, even though complaints about taxes have been around as long as taxes themselves.” (Staff, NJBIZ)