New Jersey Gov. Phil Murphy (D.) said Wednesday that he believes taxes in his state can go down, despite his recent budget proposal that asks for $1.6 billion in new taxes.
MSNBC's "Morning Joe" co-host Willie Geist told Murphy that many people who he knows and corporations have complained about the tax burden in the Garden State and asked the governor what he is doing to "alleviate" some of the financial burdens on them.
"This is a state on its best day that was a good value for money state. You never went to New Jersey because it was a low-cost place. You went there because you got a rich basket of stuff back for that," Murphy said. "The problem is over the years the premium has gone up, up, and up and the basket has shrunk, so I view my job as getting control of the premium, growing the economy, cracking the back of property taxes in particular, and then investing in the middle class in that basket of stuff."
Geist followed up by asking Murphy whether he thinks taxes will come down.
"I think they can come down," Murphy said. "We have to grow the economy, though, and I'm optimistic we can. We're a state that used to rely on the innovation economy. We were Silicon Valley in many respects before there was a Silicon Valley. Infrastructure's a big deal for us given our location. I think if we can reclaim those economies, we're going to get this thing rocking again."
Murphy did not provide specifics about how his administration will lower taxes when his budget proposal, unveiled last month, asks for $1.6 billion in new taxes. The taxes would affect the wealthy and retail purchases of everyone in the state, according to NorthJersey.com.
10 hours ago
Commerce Secretary Nominee Remains Open To Funding Biden’s Climate Agenda With Tax Hikes On The Middle Class
President Joe Biden’s Commerce Secretary nominee Gina Raimondo said Tuesday that while she understands the impact of raising taxes on the middle class, they “need funds” to pay for Biden’s climate plan.
1 day, 6 hours ago
Gov. Ron DeSantis Responds To White House On FL Vaccine Distribution
Florida Gov. Ron DeSantis hit back at the White House on Tuesday after President Joe Biden’s press secretary suggested that Florida was lagging behind in vaccine distribution.
1 day, 7 hours ago
Petition to recall California governor has 1.2M signatures as Newsom rolls back stay-at-home order
The effort to recall Gov. Gavin Newsom has collected 1.2 million signatures of the 1.5 million needed by March.
5 days, 11 hours ago
100-year-old World War II veteran becomes 1 millionth Florida senior citizen to receive coronavirus vaccine
'I didn't feel a thing,' Henry Sayler says while getting the shot live on 'Fox & Friends'
6 days, 6 hours ago
Dem Govs Flout Own COVID Restrictions to Attend Biden Inauguration
Michigan's Whitmer banned outdoor gatherings of more than 25 people before attending event