Million-dollar question: NJ lawmakers consider tax on wealthy

There’s a million-dollar question surrounding budget talks in New Jersey. Gov. Chris Christie and lawmakers face a June 30 budget deadline. And Democrats who control the Legislature have proposed raising taxes on residents whose income tops seven figures.

Experts say it’s an issue tailor-made for Democrats and Christie to play to their bases. Democrats suggest the revenue from such a tax could help pay for the state’s public workers’ pensions. Christie has signaled his opposition and that could go over well with Republican presidential primary voters if he runs for the White House.

In the end the proposal seems to have a slim chance of becoming law. But that’s not stopping officials from continuing the debate.

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