In another case at the intersection of economics and politics, a measure dubbed the “Britney bill” is a step closer to becoming law.
The argument to cut or eliminate New Jersey’s estate or inheritance taxes is built on four flawed foundations.
If entertainers want to “do AC,” New Jersey should tax them and use the revenue for important resources to actually build the state economy, like good schools and efficient transportation networks.
Fixing the state’s transportation mess is crucial, and it will cost money. But the price tag for safe roads, modern bridges and efficient trains shouldn’t be a big tax cut for a few, mostly wealthy, New Jerseyans.
Unlike well-paid lobbyists, the leaders of groups representing small and independent businesses are none too pleased with state tax subsidy programs.