A fairly insignificant tax increase, but Christie says he’ll veto it:
TRENTON — In a vote along partisan lines, the Senate Budget Committee tonight approved a two-year income tax increase on New Jersey’s 16,000 millionaires.
Democrats say the surcharge will generate more than $500 million in additional revenue that will go largely to suburban school districts. Gov. Chris Christie has vowed to veto the tax.
[…] Senate Republicans said the tax would drive capital investment out of the state and decried the move as political.