Murphy: NJ community colleges could be tuition-free by 2021

News 12 New Jersey ^ | March 15, 2018 | News 12 New Jersey

[GuavaCheesePuff]

EDISON - Gov. Phil Murphy has pledged to make New Jersey’s community colleges tuition-free by 2021.

Murphy, in his budget address, said that $50 million of the state’s 2019 budget will go toward tuition support for low-income students. He said that tuition-free colleges will be paid for through an increase in the state sales tax and the creation of a millionaire’s tax.

College students in the United States have nearly $1.5 trillion in student loan debt, according to Student Debt Hero. Some high school students tell News 12 New Jersey that student loan debt is something that they worry about as they continue their education careers.

[gigster]

I’m sure the Indoctrinators will want to work for nothing.

[Sooth2222]

Murphy said raising the state income tax rate for residents who earn more than $1 million would bring in $765 million this calendar year.

New Jersey residents would pay a new 10.75 percent marginal tax rate on any income above $1 million. The top tax rate is currently 8.97 percent, for income over $500,000.

How many millionaires would pay the tax?

The state Treasury Department said the tax would affect about 20,000 New Jersey residents and 19,000 nonresident New Jersey taxpayers.

(About 39,000 people began doing back-of-the-envelope calculations of how much joining Rush Limbaugh in Sunny South Florida for half the year would save them in taxes.)

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Just $347.00 dollars to 91.00%

[usafa92]

And Fat Boy screwed us on the way out. Reduced the sales tax to 6.875 in exchange for upping the gas tax 23 cents. Now we are stuck the the gas tax and Murphy will raise the sales tax again. This state sucks.

[Navy Patriot]

Murphy: NJ community colleges could be tuition-free by 2021

Great, NJ students will finally get an education that's worth what they have to pay for it.

[MadMax, the Grinning Reaper]

The commie was just elected and now he wants to control the schools by way of bribes for votes from future voters.

Damned. Chris Christy is beginning to look real good right now and he was terrible as a leader.

[ProtectOurFreedom]

Why can't they look at recent nearby history?

Millionaires Go Missing
Maryland's fleeced taxpayers fight back

May 27, 2009
Wall Street Journal

Here's a two-minute drill in soak-the-rich economics:

Maryland couldn't balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O'Malley, a dedicated class warrior, declared that these richest 0.3% of filers were "willing and able to pay their fair share." The Baltimore Sun predicted the rich would "grin and bear it."

One year later, nobody's grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller's office concedes is a "substantial decline." On those missing returns, the government collects 6.25% of nothing. Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year -- even at higher rates.

[shanover]

Free ALWAYS equals higher taxes. Secondly, those who get the free stuff are not paying those taxes. If one has no financial investment in something he/she will have very little care about it. It used to be that only landowners could vote. Sure, it’s archaic, but states like NJ are run by the liberal class whose demographic is astonishingly rich or ghetto poor.

[Maris Crane]

Thank God we got out of New Jersey.

I simply could not afford to send some strange kid to college.

I wonder if the dorks who are left there appreciate the irony. Maybe they expect thank you cards from the college grads.

[ptsal]

Ditto .
That was my understanding....... broke.

[noiseman]

You’ve gotta love the irony of a state where everything is going wrong electing a guy named “Murphy.” Just wanted to make it official, I guess.

[onona]

I heard that on Rush as well.

this is crazy

[jmacusa]

here in Jersey education and teachers salaries are paid for by property taxes. Ours are going to go through the roof. My wife and I are getting elderly and just about on our last legs as far as working. This is going to kill us for sure.

[DAC21]

“I believe I read today that NJ is flat out bankrupt, now planning on upping taxes on Everything”

Yep Rush was talking about it on his show yesterday. Approximately 4.5% tax increase.

[Sooth2222]

"Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year -- even at higher rates."

If one earns a million or more $ per year, buying a place in Florida seems a no brainer. (That's if the New Jersey resident doesn't already own one. "Snowbirds" have been migrating to Florida for the winter months for eons.) Then just change over the driver's license and voter registration. I don't make nearly that much, but my whole business is on my computer and fits in the trunk of my car. I could move it anywhere on the planet with decent internet service and still work.

It's a little weird that politicians with backgrounds at Goldman-Sachs (Corzine and now Murphy) don't seem to grasp the basics of Economics 101. Or even the basics of High School Home Economics.

[trebb]

At least students will start getting what they pay for....

[New Jersey Realist]

I’ve gotta get out of this place!

https://www.youtube.com/watch?v=wJVpihgwE18

[midnightcat]

This guy is a certified nutcase. It’s pathetic that he became governor but most of the voters here automatically press the Democrat button, even if it was Satan himself running for office.

[midnightcat]

This guy is a certified nutcase. It’s pathetic that he became governor but most of the voters here automatically press the Democrat button, even if it was Satan himself running for office.

[jughandle]

Maybe he should legalize more than pot, wasn’t that tax revenue was supposed to pay for...something?