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NJ lawmakers introduce 23 cent increase in gas tax


Leading state lawmakers on June 20 introduced legislation raising New Jersey's uniquely low tax on gasoline by 23 cents. The details of the legislation, an elaborate blend of tax cuts and hikes, unveiled earlier this month, have changed. But the plan still raises the gas tax in exchange for the elimination of the estate tax, a greater exemption for retirement income, an increase in the Earned Income Tax Credit for low-income workers, and creation a tax deduction for charitable giving. more

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