Wimberly Supports Millionaire's Tax as Part of Compromise

TRENTON - Assemblyman Benjie Wimberly, who voted for the legislative leadership budget, which did not hinge on the millionaire's tax favored by Governor Phil Murphy, this afternoon said he prefers a millionaire's tax as part of the solution to the state's current [bubbleAutoLink text="budget crisis" id="31616"].
"Millionaire's tax," he told InsiderNJ, when asked to choose between Murphy's preferred revenue generator and the offering made yesterday by Senate President Steve Sweeney (D-3).
"But I welcome the compromise," added the veteran assemblyman from Paterson, who also voted the legislature's $36.5 billion budget out of committee.
The revenue generating CBT hike to 12% originally backed by Sweeney was part of a different bill, but related to the legislature's budget proposal rejected by Murphy.
Wimberly said he also supports some form of a hike on the corporate business tax (CBT), originally proposed by Sweeney. Earlier this week, Murphy also said he would factor a CBT alternation into his version of a compromise, which Sweeney and Speaker Craig Coughlin (D-19) rejected.