Rather than reining in debt and spending, the Garden State implemented a massive tax increase and took on an additional $4.5 billion in debt. Co-author Jonathan Williams joined NTD Business to discuss.
New Jersey announces broad tax increases and over $4 billion dollars of new debt to offset the impact of this year’s lockdowns.
Jonathan Williams, chief economist and an executive vice-president at the American Legislative Exchange Council, tells us what the new debt will mean for New Jerseyans going forward.
