“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
- Tokin’ for the Town: Dem Lawmaker Wants to Allow Maine Municipalities to Tax Adult Use Cannabis to Help Pay for Local Expenses
- Democrats Opposed to Immigration Enforcement Put Forward Bill to Stop Local Police from Aiding Feds
- Worcester City Councilor Assaults ICE Officers in Attempt to Prevent Arrest of an Illegal Immigrant Who Assaulted a Pregnant Woman
- New York Times’ Political Reporter Begs Reddit for Sob Stories About Trump’s Funding Cuts Harming Maine
- Homeless Man Charged with Arson for Fire that Caused $20,000 in Damage to Bangor Building
- Chinese Company, Nationals Indicted for Smuggling Pill-Making Equipment into US: DOJ
- NH High-School Coach Arrested in Maine for Trying to Buy Sex from a 14-Year-Old
- Dexter Group Gets Enough Signatures for June Ballot Question Calling for the Removal of Two School Board Members Who Say They’re Being Targeted