Why not cut spending instead? Are there that many folk on the Jersey state payroll who are essential? Of course not.
And what's this bull durham about taxing 401(k) accounts? That's crazy. That's like drilling holes in the bottom of a boat to let out the water faster.
Stupid. Just stupid.
Bill Clinton proposed a ONE TIME tax of 15% on all retirement accounts, remember that one??
If you had 100,000 in an account, you were supposed to send the feds 15,000. The Dems love taxing the "rich".