From NJTV News:
A milestone in the effort to replenish the fund for roads and bridges. And it could cost you plenty. Dueling Senate and Assembly committees worked against the clock to get a complex cluster of tax hikes and tax cuts to Christie’s desk before time runs out.
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The left says phasing out the estate tax helps the wealthy at the expense of everybody else and the state budget.
“To take up to a half billion dollars in gifts to the wealthiest 3 or 4 percent of the state when we are so far behind makes absolutely no sense,” said New Jersey Policy Perspective President Gordon MacInnes.
