Reporting Levon Putney
WCBS 880′s Levon Putney: More Opposition To Millionaire’s Tax
“We don’t have a revenue problem. We have a spending problem,” says State Assemblywoman Nancy Munoz.
“The problem is not that government taxes too little. It is that Washington spends too much,” says Rep. Leonard Lance.
Those are common refrains among federal and state GOP lawmakers.
So, Lance and Munoz say the so-called millionaire’s tax that Democrats want will especially hurt small business owners.
“Increasing taxes on America’s job creators would be devastating to our economy,” says Lance. “Seven in 10 new jobs that would be created are created by small business and I do not want to tax small business further. I want to create new jobs that, in turn, will help lower these annual deficits.”
“We cannot do things that further create a problem for small business creation in New Jersey,” says New Jersey State Senate Minority Leader Tom Kean, Jr., who points out that New Jersey already ranks at the bottom for business environment.
“[If] they’re overtaxed, they’re going to go out of business, and we won’t have that,” says Munoz.
The trio are calling for tax cuts and reductions in government spending.