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O’Scanlon Responds to Murphy’s Budget

Senator Declan O’Scanlon, (R-Monmouth), a member of the Senate Budget Committee, make the following remarks in response to Governor Phil Murphy’s proposed budget:

Watch O’Scanlon deliver his remarks:

“This budget won’t lift up the middle class. It will leave generations of New Jersey residents with no hope for a prosperous future.

“Even if the Governor’s rosy projections – of both revenue and savings – are accurate, we are still only a fraction of the way out of the hole we’re in.

“We can’t tax our way out of this mess. Without major reforms, it is a very real possibility that young public workers won’t even have a pension by the time they retire.

“I urge Governor Murphy to come to the table and hammer out a compromise with us. There is no other option,” Senator Declan O’Scanlon (R-Monmouth) said.

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Posted: March 5th, 2019 | Author: | Filed under: Declan O'Scanlon, Monmouth County News, New Jersey, New Jersey State Budget, News, NJ Senate Republicans, Phil Murphy | Tags: , , , , , , | Comments Off on O’Scanlon Responds to Murphy’s Budget

O’Scanlon: “This is a crtical moment for our children’s future”

By Senator Declan O’Scanlon

Senator Declan O’Scanlon

So. This is what it’s come to. Incredibly, we just passed one of the largest tax increases in the history of the state…and we’re no more than one, infinitesimal, step closer to sustainable solvency than we were the day before. And trust me, we are very ($ billions) far away. We don’t need infinitesimal steps, we need bold leaps…and we need bold leadership willing to make them.

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Posted: July 28th, 2018 | Author: | Filed under: Declan O'Scanlon, Monmouth County News, New Jersey, New Jersey State Budget, Opinion, Pensions | Tags: , , , , , , | 7 Comments »

More than 75% of accountants say Murphy’s budget will do long term damage to NJ’s economy

The New Jersey Society of Certified Public Accountants surveyed its members regarding the impact New Jersey’s new state budget would have on the state’s economy.  More than 75% of the 921 CPA’s surveyed said that the budget signed by Governor Phil Muphy would have a negative impact on the economy, according to an article at NJCPA.com

Thirty-nine percent felt the economy would get “marginally worse,” and 37 percent said it would get “significantly worse.” Fourteen percent said it would have no impact, and only 10 percent said the economy would get either “marginally better” or “significantly better” under the new budget. 

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Posted: July 23rd, 2018 | Author: | Filed under: New Jersey, New Jersey State Budget, Phil Murphy | Tags: , , , , | 6 Comments »

New Jerseyans Need Tax Relief — Not More Spending and Higher Taxes

By Assemblyman Ned Thomson

Assemblyman Ned Thompson

While New Jersey narrowly avoided a second straight government shutdown, the budget agreement that was achieved at the last minute will have a serious impact on area taxpayers that will be felt for years to come.

As a member of the Assembly Budget Committee, I participated in a number of meetings and listened to hours of testimony on Gov. Phil Murphy’s proposed budget that sought to increase spending by more than 7 percent and raise taxes by $1.7 billion. Gov. Murphy and the Democrat majority in the Legislature then spent much of the spring and early part of summer arguing over which of our taxes to raise.

Never, it seems, did they consider reducing government spending nor did the conversation appear to focus on reducing the burden on some of the most overtaxed citizens in the country. In fact, during the debate, serious consideration was given to additional tax hikes, including proposals to increase the realty transfer fee and add taxes to short-term home rentals — two ideas that would have dramatically impacted Monmouth and Ocean County residents. Read the rest of this entry »

Posted: July 19th, 2018 | Author: | Filed under: Monmouth County News, New Jersey State Budget, NJ State Legislature, Opinion | Tags: , , , , | 2 Comments »

Guadagno: Murphy’s $2 billion spending increase is insane but not a surprise

Former Lt. Governor Kim Guadagno appeared on the Tommy G Show yesterday during which she said that the $2 billion in spending increases and $1.5 billion in new state taxes are insane but that no one should be surprised.

Guadagno said that moderate Democrats who are now calling for spending cuts “sound like Republicans, that’s what we’ve been saying all along!”

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Posted: July 12th, 2018 | Author: | Filed under: Kim Guadagno, Monmouth County News, New Jersey, New Jersey State Budget, Phil Murphy | Tags: , , , , | 9 Comments »

Sneaky Murphy trying to change the deal

The Democrats leading the legislature in Trenton are learning first hand how devious bankers are and that a “done deal” really isn’t until the paperwork is signed.

In his deal made with Senate President Steve Sweeney and Assembly Speaker Craig Coughlin yesterday evening,  Governor Murphy agreed to raise the threshold for the so called millionaire tax to $5 million from the $1 million he originally proposed.  That was to have meant that fortunate taxpayers would pay 10.75% of their income over $5 million to the Soprano State of New Jersey.

According to a sleep deprived source in Trenton, the fine print Murphy presented the legislature today set the millionaires tax to be triggered at $5 million, but for the 10.75% to be applied on the taxable income over $1 million.  Sweeney and Coughlin made a deal that would require a wealthy taxpayer with $6 million in taxable income to pay New Jersey $107,500 in tax on the million earned above the threshold.  The legislation Murphy presented would require that taxpayer to pay $537,500. Read the rest of this entry »

Posted: July 1st, 2018 | Author: | Filed under: New Jersey, New Jersey State Budget | Tags: , , , | 1 Comment »

Budget deal not ready, Bramnick put Republicans in a box

Assembly Minority Leader Jon Bramnick put his caucus in an untenable position.

By Art Gallagher

Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin announced last night that the had a last minute budget deal to avert a state shutdown and that the legislature would pass the necessary bills this morning starting at 8am.

As of 9:45 a.m.  the legislator and many staffers have been in Trenton for three hours, but the bills have yet to be drafted and some of the details…where the devil lives…are still being haggled over, according to a sleep deprived source who called this morning.

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Posted: July 1st, 2018 | Author: | Filed under: Assembly Republicans, New Jersey, New Jersey State Budget | Tags: , , , , , | Comments Off on Budget deal not ready, Bramnick put Republicans in a box

Shutdown Averted, Murphy, Sweeney and Coughlin Agree On Tax Increases

Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin came to terms on tax increased in the New Jersey FY2019 Budget today, averting a shutdown of state government.

While the Senate and General Assembly will not vote on the budget legislation before the midnight deadline tonight, Murphy said that he will not close the government.  Sweeney and Coughlin announced that their Chambers will be in session at 8:00 a.m. on Sunday morning. Read the rest of this entry »

Posted: June 30th, 2018 | Author: | Filed under: New Jersey, New Jersey State Budget | Tags: , , | 11 Comments »

O’Scanlon legislation would keep road work going, keep Monmouth Park open, in the event of a NJ shutdown

Senator Declan O’Scanlon (R-Monmouth County) announced that he will introduce two bills tomorrow in the NJ Senate tomorrow that, if enacted, would lessen the destructive aspects of a state government shutdown.

Governor Phil Murphy and the Democrat leaders in the legislature, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin, are thus far deadlocked over their competing proposals to raise taxes on New Jersey residents, tourists and businesses.   If they are unable to come to an agreement, and get the legislature to concur, by midnight tomorrow, the government will shutdown.

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Posted: June 29th, 2018 | Author: | Filed under: Declan O'Scanlon, Monmouth County News, New Jersey, New Jersey State Budget, NJ State Legislature | Tags: , , , , , , , , | 1 Comment »

Democrats Budget Compromise Talks Stall

Assembly Speaker Craig Coughlin and Governor Phil Murphy. NJGlobe photo by NIKITA BIRYUKOV

The Democrat debate in Trenton over which taxes to raise on New Jersey residents and by how much ended last evening with no deal.  Voting sessions scheduled for today in the Assembly and the Senate where cancelled.  Legislators were told to report to Trenton on Saturday.

If Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin do not make a deal that is approved by the legislature by midnight on Saturday, New Jersey’s state government will shutdown for the second consecutive year.

Governor Murphy wants to increase income taxes on millionaires and the sales tax on everybody.  Sweeney and Coughlin want to raise taxes on businesses to the highest in the nation, expand the sales tax to internet purchases, real estate sales, and impose a new tax on vacation rental homes and Airbnb rentals.

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Posted: June 29th, 2018 | Author: | Filed under: New Jersey, New Jersey State Budget, Phil Murphy, Stephen Sweeney | Tags: , , , , , , , | 1 Comment »