Sweeney Reevaluating Position on Corporate Tax
In a 101.5 FM interview this evening, Senate President Steve Sweeney (D-3) seemed willing to entertain a new course of action on the tax front.
The senate president earlier this year offered a corporate tax alternative to Governor Phil Murphy’s proposed millionaires’ tax.
Tonight, he explained an apparently new line of thought as the legislature prepares to tear into the details of Murphy’s $37.4 billion budget proposal.
“I threw that out there as a partial compromise,” said Sweeney. “But I’m reevaluating my whole position.”
From the beginning, the senate president framed the corporate tax option as better than a millionaires’ tax, and while he expressed caution now about the former, nothing in his remarks indicated a preference for the latter.
The budget season is young, however. He hasn’t closed the door on the governor’s proposal, but he’s very wary, and absolutely cold on hiking the sale’s tax, another element of Murphy’s early budget offer.
Sweeney needs to stop being an obstructionist like Mitch McConnell. For God’s sake, this traitor is obstructing a Dem Governor!
Permit the localities to drastically tax the local REIT interests. Drive down notional valuations and incorporate them into local banking for sustainable redevelopment that keeps the value created in the community. Can construct a new and more vibrant economic model with a much broader sense of Liberty and Prosperity.