Gov. Murphy Says Property Taxes Driving Retirees Out of N.J.

The video discusses the impact of taxes on millionaires, highlighting concerns about property and sales taxes. It outlines economic strategies aimed at asking the wealthiest and corporations to contribute more for middle-class investments. New Jersey's property tax relief is emphasized as a measure to retain residents, especially retirees. The video also addresses migration trends, noting that people are moving to states with no sales tax. It concludes by promoting New Jersey as an ideal state for families, citing its top-notch education and healthcare systems.

What is one of the main reasons millionaires might leave a state according to the video?

• Poor weather conditions

• Lack of entertainment options

• High property and sales taxes

• Limited job opportunities

What strategy is being used to support middle-class investments in the state?

• Increasing contributions from the wealthiest and largest corporations

• Reducing corporate taxes

• Cutting public service funding

• Offering tax breaks to small businesses

What is a significant factor causing people to leave New Jersey?

• Lack of educational institutions

• High property taxes

• Unfavorable climate

• Poor healthcare system

Which aspect of New Jersey is highlighted as a top reason for raising a family there?

• Proximity to beaches

• Number one healthcare system

• Abundant job opportunities

• Low cost of living

What is a key selling point for businesses considering New Jersey?

• Low corporate taxes

• Access to a talented workforce

• Minimal regulations

• Subsidized office spaces