Senate Democrats announced a bill to raise New Jersey’s Earned Income Tax Credit by ten percent Tuesday, predicting that the move would cost the state $120 million but generate $180 million worth of increased economic activity. The bill from Senator Shirley Turner (D-15) bill is the latest development in the legislature’s amorphous definition of “tax fairness,” the phrase that Governor Chris Christie lit on when asked about the compromises he is willing to make to raise the state’s gas tax in an attempt to fund the ailing Transportation Trust Fund. JT Aregood, PolitickerNJ Read more
