Governor Murphy Promises Tax Hike for “The Rich”

Gov. Phil Murphy says he won’t back away from promises to raise taxes on millionaires despite pressure he anticipates on state finances from the Republican tax overhaul and legislative concern over raising income tax rates.

Murphy, a Democrat, is nearly three weeks into the job, his first elected office, after succeeding Republican Chris Christie. He spoke Saturday during an interview with The Associated Press, reflecting on the same liberal agenda he sketched in his inauguration address and saying that his core campaign promises to fully fund pensions and school aid, financed in part by a higher tax rate on incomes over $1 million, remain unchanged.