Murphy rejects the "symbolic" budget compromise as the state heads for closure



[ad_1]





<img src = "https://static.politico.com/dims4/default/26e0e6b/2147483647/resize/1160x%3E/quality/90/?url=https%3A%2F%2Fstatic.politico.com % 2Fa3% 2F73% 2F4f35f72a419fbc2995a7fb1adfaa% 2F180629-craig-coughlin-steve-sweeney-ap.jpg "alt =" The Speaker of the New Jersey Assembly, Craig Coughlin (left) and Senate Speaker Steve Sweeney , are photographed. | AP Photo "title =" New Jersey Assembly President Craig Coughlin (left) and Senate Speaker Steve Sweeney are photographed. | Coughlin and Sweeney agreed impose a tax rate of 9.95% on those who earn more than $ 5 million. | AP Photo

TRENTON – New Jersey is significantly closer to a second closing in as many years ago, even as legislative leaders agreed for the first time to support higher taxes on some millionaires, a proposal that Governor Phil Murphy rejected it as "symbolic".

Legislators emerged from the second of two meetings in the governor's office. Senate Speaker Steve Sweeney and Assembly Speaker Craig Coughlin described the proposal they proposed as being:

In addition to accepting for the first time support a version of a higher tax rate for millionaires, they also agreed to reduce the They want to tax corporations and grant $ 25 million funding to community colleges, half of that that the governor had asked.

"I wish I had better news, but I am bitterly disappointed that we could not reach an agreement with the governor today," Coughlin told the Statehouse press conference .

Murphy, he said, offered "no compromise, no counterproposal, he rejected it out of hand."

Coughlin and Sweeney, who strongly opposed Increasing income taxes so far, have agreed to impose a tax rate of 9.95% on those who earn more than $ 5 million. Murphy had proposed a rate of 10.75% on all people earning more than $ 1 million, against 8.97% currently.

Murphy said at his press conference Friday afternoon that he saw "a glimmer of hope" when Sweeney and Coughlin "He agreed that we should ask the richest to pay more for pay the priorities we share. "

He termed it" very good ", but he said it was terribly short and represented nothing more than a symbolic thought.

"When you present a symbolic offer to say that you can check the box – and that we have had a real substantive move on corporate taxation, creativity around the millionaire tax – I have not no time, "Murphy said. "They know exactly the authenticity with which we approached this and will continue to approach it, by the way."

Lawmakers said that they also agreed to reduce their proposal to tax certain companies, offering to impose a 3 percent surtax for all companies earning more than $ 1 million a year. This rate would fall by 1% each year before being eliminated.

Budgetary lawmakers sent to the governor this month would raise the corporate tax rate from 9% to 11.5% for businesses earning between $ 1 and $ 25 million a year, and to 13% for large companies – the highest rate in the country. The legislature has not offered to support a restoration of the state sales tax to 7 percent, as the governor proposed, but Murphy said he would be willing to drop the issue they can get a "good seat" on business tax and "as long as we have a credible millionaires tax as part of the strategy."

"I'm willing to compromise and always on the solutions we use "the governor said:" I will not compromise on the need for a truly lasting solution I will not negotiate this principle for an agreement that, I know, weakens our future and "

The Governor's tough bargaining tactics have left Democratic lawmakers frustrated and openly hostile.The Senate Speaker said that Murphy appeared to be his Republican predecessor – a blow to both sides. x sides have luffed to each other in recent weeks.

"His behavior is exactly like Chris Christie's, but he smiles more," says Sweeney.

He said that negotiating with Murphy was a "madness" and that he had the impression that lawmakers were talking to themselves. compromise. Everything is in the same direction. "

" This is not a game – it's true, "said Sweeney." We did everything we could to work with this administration, to be rejected repeatedly. He is more concerned about the protection of companies that have received trillion dollar profits from Donald Trump [President]. "

Murphy and his supporters say that it is ridiculous."

Lt. Governor Sheila Oliver, who was standing with Murphy at the press conference and was part of the discussions with lawmakers, said that Legislators were the bad actors.

"I've never seen the level of obstructionism coming from the legislative branch as I'm seeing in this cycle," said Oliver, a former president of the United States. Assembly "They do not want to work with Governor Murphy."

Disagreement makes closure almost inevitable Murphy and lawmakers have until midnight Saturday to get an expenditure plan in place; Governor is likely to declare the state of emergency that would close a large part of the state government.

Murphy promised to reject the $ 36.5 billion budget that the government of New York City is facing. Legislative Assembly sent him.He said that he could veto the plan, removing $ 855 million and adopting the spending plan itself. It could also veto it, send it back to the legislature or issue a conditional veto that the legislature should approve.

The governor said he was convening another cabinet meeting Friday night to weigh his options before the budget deadline. Asked whether the state would shut down or reject the veto of budget lawmakers, he simply stated that "all options remain on the table".

The Senate canceled its assembly declared that it would go ahead and pass some bills, including a measure to keep the state parks open in case of closure. The Senate has a scheduled session on Monday.

Lawmakers said that they had no plans for another meeting with the governor, but stand ready to talk when he reaches out. Sweeney said that he would be at Samson on Saturday, ready to negotiate.

Eliana Pintor Marin (D-Essex), the budget chair, said that she thinks there's still a chance to hear this weekend.

leaves here with much hope today that we will receive a reminder, either tonight or tomorrow, "she said.

Murphy said that he is always open to compromise but will not give in to a proposal that he does not like. 19659004] "I'm going down with the ship trying to protect the investments that we are passionate about," Murphy said. "We will not wake up not tomorrow different people that we woke up today. "

Even if an agreement can be reached, the leaders should get a three-quarters majority of the votes in order to immediately get a bill in place. Legislative Assembly

Assembly minority leader Jon Bramnick said the Republicans would not provide Democrats with the necessary votes to pass the waiting period.

] "They will not support new taxes or a new budget unless "I have substantial cuts, and I think there will be no substantial cuts," Bramnick said. "They've now mentioned all possible taxes, other than taxing the air, that you might think of.All of the New Jersey coast to my income taxes.This is something that the public needs to know the weekend of July 4. They need to know what's going on in Trenton. "

[ad_2]
Source link