TRENTON - (AP) - One New Jersey lawmaker wants to revive asurcharge on the state's highest wage earners to help balance thestate budget.
State Senator Shirley Turner of Trenton introduced a billWednesday to permanently raise taxes on residents earning more than$1 million a year.
Turner's bill would raise the income tax rate from 8.97 percentto 10.75 percent for every dollar earned over $1 million, with theextra revenue directed toward property tax relief.
The Democratic lawmaker's proposal comes a day after RepublicanGovernor Chris Christie proposed a $29.4 billion budget thatcontains no tax increase for the wealthy.
There was no immediate word on whether Senate President StephenSweeney or Assembly Speaker Sheila Oliver support the proposalDemocrats failed to enact a similar tax proposal last year.