New Jersey Tells Its Residents to Pay Up or Get Lost

This week, New Jersey’s Governor Phil Murphy and State Senate President Steve Sweeney cemented themselves as the ‘Shaq and Kobe’ of bad economic policy when they ushered in massive new tax hikes on Garden State residents. This deal, which was struck despite much political posturing by Sweeney against such a tax hike, will go down as a historic mistake made by New Jersey’s government. The Wall Street Journal¬†reports: Governor Phil Murphy and State Senate leader Steve Sweeney have been fighting over whether to raise tax rates on individuals or businesses, and over the weekend they decided to raise taxes on