OnTheIssuesLogo

Stephen Sweeney on Tax Reform

 

 


Make tax system work for families, not just big corporations

New Jerseyans face some of the highest property taxes in the nation. That's why I crafted New Jersey's two-percent cap law--to help hold down property taxes. I also sponsored "The School Funding Reform Act" to help keep property taxes low. As governor, I'll be focused on creating a tax system and economy that works for New Jersey families and retirees, not just big corporations.
Source: 2025 New Jersey Governor site: SteveSweeneyForGovernor.com , Mar 3, 2025

Increase top tax rate to reduce property taxes

Excerpts from legislation: Increases the top tax rate contingent on enactment of homestead benefit legislation. A new top marginal rate is set at 10.75% for earning over $1,000,000 (an increase from 8.97% for those earning over $500,000); lower brackets maintain the same rates. The purpose of the bill is to fund an enhanced homestead benefit & temper the regressivity of the property tax for the bulk of NJ's property taxpayers.

Excerpts from veto message: I will not permit the State to succumb to the legislature's enduring addiction to profligate taxing & spending. I also have vetoed AB 3029, which would have increased the Earned Income Tax Credit to provide relief to only a subset of NJ's taxpayers. All of our taxpayers are already subject to one of the nation's highest state income tax rates. Instead, we should be lowering taxes for all New Jerseyans.

Legislative Outcome:Stephen Sweeney voted YEA; passed House 47-31-2 & Senate 24-16-0; Governor vetoed.

Source: New Jersey legislative voting records: A 3201 , Jun 28, 2012

Other governors on Tax Reform: Stephen Sweeney on other issues:
NJ Gubernatorial:
Doug Steinhardt
Edward Durr
Hirsh Singh
Jack Ciattarelli
Jim McGreevey
Jon Bramnick
Josh Gottheimer
Mikie Sherrill
Phil Murphy
Ras Baraka
NJ Senatorial:
Andy Kim
Cory Booker
Curtis Bashaw
George Helmy
Justin Murphy
Robert Menendez
Tammy Murphy

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]





Page last updated: May 18, 2026; copyright 1999-2022 Jesse Gordon and OnTheIssues.org