DEMS ROLL OUT NEW TAX ON MILLIONAIRES

A new millionaires’ tax is in the works in New Jersey.  Democratic lawmakers unveiled a new plan that would raise taxes on millionaires in the Garden State for three years before it would automatically expire.  The marginal tax rate on income above $1 million would raise from 8.978 percent to 10.75 percent.  Governor Christie is expected to veto this legislation.

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