Sweeney Defends Millionaire's Tax Proposal - Philadelphia News, Weather and Sports from WTXF FOX 29

Sweeney Defends Millionaire's Tax Proposal

Dueling tax proposals have been announced in Trenton.

New Jersey Gov. Chris Christie unveiled Monday his package of 33 bills, which includes a cap on property taxes, while Democrats laid out their proposal to raise taxes on millionaires.

The governor wants a real limit this time. The previous 4-percent cap on property taxes had so many exceptions that towns found ways around it every year for every conceivable excuse, and his 2.5-percent cap on taxes and municipal worker raises.

In the meantime, the top Democrat in the state, from South Jersey, is hoping public pressure will somehow get the governor to go back on his promise not to raise any taxes.

State Sen. Steve Sweeney joined "Good Day" on Tuesday morning to discuss and defend the Democrats' budget proposals.