The timing is perfect. A new NJEA-backed coalition, “For the Many,” calls for $3.1 billion in tax hikes the same day that a new study determined that New Jersey lost the second-most residents of any state.
A Zippia study of US Census Bureau data entitled “Here Are the States Americans Don’t Want to Live In Anymore in 2020” determined that New Jersey lost 97,124 people from 2017-2018, or 1.09% of its population. Only high-tax, high-cost-of-living New York lost more.
Zippia specifically mentions affordability and ” pricey taxes,” as well as an aging population (who often live on fixed incomes) as reasons. What’s the number one destination for residents fleeing New Jersey?Lower-tax neighbor Pennsylvania.
As detailed in SPCNJ’s “Beware the Downward Spiral,” New Jersey has the highest taxes in the region, the worst business tax climate in the nation, an economy that underperforms the nation (and PA) in income, growth and jobs, and one of the worst outmigrations of wealth and people of any state.
New Jersey citizens and businesses are already burdened with “pricey taxes,” but For the Many wants to raise them even more. Why? Because the special interests behind For the Many want to increase state government revenues so they can spend them on their special-interest priorities, regardless of the cost to the state.