“Any state that depends on income taxes is going to get sick whenever one of these guys gets a cold.”— Kevin B. Sullivan, commissioner of the Connecticut Department of Revenue Services A single taxpayer’s exodus from high-tax New Jersey sent the Garden State’s budget office into a tailspin. Hedge fund manager David Tepper, formerly one New Jersey’s wealthiest taxpayers, now calls no-income-tax Florida home. After Tepper’s move, Frank Haines, budget and finance officer with the New Jersey Office of Legislative Services, testified before the Senate Budget and Appropriations Committee. Haines warned, “We may be facing an unusual degree of income tax forecast…
Trending News
- EXCLUSIVE: Susan Collins Backs SAVE AMERICA ACT — But Won’t Break Filibuster
- Rep. Jared Golden Breaks Ranks to Join Republicans in Support of President Trump’s Canadian Tariffs as House Approves Resolution Rejecting the Policy
- Rome Is Burning But Portland Press Herald Proudly Publishes A Story From 1864 As ‘News’
- Maine Democrat Uses Shady Concept Draft to Push for Taxpayer-Funded Security for Lawmakers
- Collins Warns Child Care Fraud Drains Aid From Working Families, Highlights Louisiana’s Unannounced Inspections
- Caribou Native Jessica Meir Commands Crew-12 Launch as NASA, SpaceX Move to Refill Short-Staffed Space Station
- Brewer Man Arrested on Domestic Violence Charges
- Maine Catholic Bishop Defends Priest At Center Of Firestorm Over Cancelled Meetings With Sexual-Abuse Group
