Congressman Chris Smith toured storm damage sites in Wall Township and Howell Township yesterday afternoon to prepare his appeal to the Trump Administration for federal assistance in the recovery, if Governor Phil Murphy asks the President for FEMA’s assistance, as expected.
Smith said his letter to President Trump is already written and that he is prepared to work for federal reimbursement as soon as Governor Murphy makes the request. The knowledge he gained on yesterday’s tour will help him make his case to Trump Administration officials and FEMA when he meets with them to appeal for federal funds.
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!”
The State Legislature is still toiling in Trenton making sure Governor Phil Murphy’s conditional vetoes match what he agreed to with Senate President Steve Sweeney and Assembly Speaker Craig Coughlin yesterday, but Murphy has left the Capitol and returned home to Monmouth County where is issued the Oath of Office to Long Branch Mayor John Pallone moments ago.
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 »
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.
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 »
Governor Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin were unable to agree on how much pain to impose on New Jersey taxpayers after four hours of negotiating today, meaning that New Jersey’s state government will very likely shutdown at midnight tomorrow.
InsiderNJ is reporting that Sweeney and Coughlin cancelled the legislative sessions that were to have occurred on Saturday, and schedule session for Monday. Senator Declan O’Scanlon told MMM that he had not yet been informed of a schedule change. Read the rest of this entry »
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.
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.
In an effort to get a State budget passed by Saturday and avert a government shutdown, Governor Phil Murphy offered a compromise between his proposed budget and the budget that passed in the Democrat controlled legislature last week, according to NJBiz.
Murphy has previously threatened to veto or line item veto the legislature’s budget.
According to NJBiz, Murphy has proposed a lower corporate business tax increase than the legislature passed and to phase in the sales tax increase proposed over two years. The Governor said he would accept the School Funding Formula proposed by Senate President Steve Sweeny, which has passed the legislature. Read the rest of this entry »