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.
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.