Jim McGreevey on Tax Reform

	Jim McGreevey on Tax Reform Former Democratic NJ Governor

2004: Instituted temporary millionaire's tax

When McGreevey was governor and desperate for money, he and the Democrats in the legislature increased taxes on the wealthy--a hike known by its shorthand name as a millionaire's tax. It applied to households (not necessarily individuals, but households) earning $500,000 or more, so really it was a half-millionaire's tax. Corzine, wanting to limit deep spending cuts in an election year despite the state's recession-battered budget, and the legislature passed their own millionaire's tax in 2009-- three new temporary tax rates that began at $400,000 of household income. They engineered it to die on December 31, 2009. It did. Lawmakers had a few sessions left to send Corzine a renewal. They didn't.

Christie ran a no-tax-hike pledge. His critics claimed he'd cut taxes for his millionaire friends. It was a lie. Democratic efforts to raise taxes on millionaires--actual ones, not half-millionaires--also continued in Christie's 2nd year, ending with a Christie veto.

Source: Rise to Power, by B. Ingle & M. Symons, p.194-195 , Jun 5, 2012

Lower property taxes by fairer rules

Expand the property tax freeze to include more seniors
Return a portion of state tax revenues directly to property taxpayers
Faster, fairer, property tax rebates. Make the rebates an automatic check-off on your state income taxes
Cap NJ Saver property-tax rebates for those making more than $200,000 and dedicate the $45 million annual savings to reducing the state ‘s staggering debt

Source: Campaign web site, McGreeveyt2001.com , Nov 6, 2001

Pay down debt; less taxes on seniors

Pay down the state debt--to save tax payers billions in the future--with dedicated funds for debt reduction.
Create permanent tax relief for seniors by ending fiscal gimmicks.
Ease the burden of providing home health care for an elderly parent with tax incentives and increased respite care.

Source: Workprint for New Jersey , Jun 25, 2001

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*Other governors on Tax Reform:*			*Jim McGreevey on other issues:*
*NJ Gubernatorial:* Doug Steinhardt Hirsh Singh *NJ Senatorial:* Andy Kim Cory Booker Curtis Bashaw George Helmy Hirsh Singh Rik Mehta Robert Menendez Stuart Meissner Tammy Murphy	*Gubernatorial races 2025:* *New Jersey Governor:* Democratic primary June 10, 2025: Ras Baraka, Mayor of Newark (2014-present) Steven Fulop, Mayor of Jersey City (2013-present) Josh Gottheimer, U.S. Rep. NJ-5 (since 2017) Mikie Sherrill, U.S. Rep. NJ-11 (since 2019) Stephen Sweeney, N.J.Senate President (2010-2022) Republican primary June 10, 2025: Jon Bramnick, State Senator (since 2022); Minority Leader (2012-2022) Jack Ciattarelli, State Assemblyman (2011-2018), governor nominee (2021) Edward Durr, State Senator 3rd district (2022-2024); withdrew *Virginia Governor:* Democratic primary June 17 cancelled: Abigail Spanberger, U.S.Rep., VA-7 (2019-2024); Dem. nominee 2025 Levar Stoney, VA Secretary of the Commonwealth (2014-2016); (withdrew to run for Lt. Gov.) Republican primary June 17 cancelled: Winsome Earle-Sears, Lt. Gov. since 2022; GOP nominee 2025 Amanda Chase, State Senate District 11 (2016-2023); failed to make ballot Denver Riggleman, U.S.Rep. (R-VA-5); exploratory committee as Independent Glenn Youngkin, Incumbent Governor , (2022-2025), term-limited	*Mayoral races 2025:* *NYC Mayor Democratic primary June 24, 2025:* Adrienne Adams, speaker of the City Council Andrew Cuomo, former governor of New York, 2011-2021. Republican June 24 primary cancelled; general election Nov. 4: Eric Adams, incumbent Democratic mayor running as an independent Jim Walden, Independent; Former assistant U.S. Attorney Curtis Sliwa, Republican; CEO of the Guardian Angels *Jersey City Mayor (Non-partisan)* Non-partisan general election Nov. 4: Mussab Ali, former president of the Jersey City Board of Education Bill O'Dea, Hudson County commissioner (since 1997) Jim McGreevey, former N.J. Governor (2002-2004) James Solomon, city councilor (since 2017) Joyce Watterman, president of the Jersey City Council (since 2023) *Oakland CA Mayor* Non-partisan special election April 14, 2025: Barbara Lee, U.S.Rep CA-12 (1998-2025) Loren Taylor, Oakland City Council (2019-2023), lost general election Sheng Thao, Oakland Mayor, lost recall election Nov. 5, 2024	Abortion Budget/Economy Civil Rights Corporations Crime Drugs Education Energy/Oil Environment Families/Children Foreign Policy Free Trade Govt. Reform Gun Control Health Care Homeland Security Immigration Infrastructure/Technology Jobs Local Issues Principles/Values Social Security Tax Reform War/Iraq/Mideast Welfare/Poverty [Title9]

Jim McGreevey on Tax Reform

Former Democratic NJ Governor

2004: Instituted temporary millionaire's tax

Lower property taxes by fairer rules

Pay down debt; less taxes on seniors