The For The Many coalition, representing more than 40 unions, community organizations, and advocacy groups across New Jersey, today delivered a letter to Governor Murphy and legislative leaders demanding immediate action to raise revenue from the state’s wealthiest households and largest corporations.
The letter comes as Congress passes massive tax breaks for millionaires, billionaires, and corporations while cutting healthcare, food assistance, and other critical services that New Jersey families depend on. These federal cuts threaten to strip billions in healthcare funding from the state, leaving at least 800,000 residents with more expensive coverage and reduced benefits.
“New Jersey families are already struggling with skyrocketing housing costs, unreliable transit, and rising prices for groceries and utilities,” said Eric Benson, Coalition Manager, For the Many. “The wealthy and well-connected got the biggest handouts from Washington. Now it’s time for them to pay their fair share so we can protect the healthcare, housing, and services our communities need.”
The coalition is calling on state leaders to pass two key reforms during the lame duck session:
- Tax Super Millionaires: Create new tax brackets for those earning over $2 million, $5 million, and $10 million annually.
- Hold Corporations Accountable: Require large multinational corporations to report profits from overseas subsidiaries and end offshore profit-shifting that drains over $1 billion from the state budget.
Together, these policies would generate the resources needed to counteract harmful federal cuts and invest in healthcare, housing, education, transit, and affordability.
“Families are struggling with skyrocketing costs and a tsunami of federal cuts to essential programs,” said Maura Collinsgru, Director of Policy & Advocacy for New Jersey Citizen Action. “Every delay means higher costs for families, deeper holes in the state budget, and more families being pushed to the brink. Our coalition stands ready to work with New Jersey’s elected officials to pass these critical reforms and ensure we have the revenue needed to invest in programs New Jersey families are counting on.”
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For the Many is a statewide coalition of more than 30 organizations committed to fixing New Jersey’s upside-down tax code and ensuring the state budget works for everyone — not just the wealthy few. Our members include labor unions, grassroots community groups, immigrant justice advocates, environmental leaders, anti-poverty organizations, and policy experts from across the state. Learn more at peoplesbudgetnj.org.
