In 2015 the court ruled that raising taxes to bolster underfunded pensions is unconstitutional. But Murphy’s Laws are designed to make sure the banks get paid with automatic tax increases. This will lead to a downward economic spiral in which the banks are protected but NJ employee retirements are not.
Click link below 19 page “Amicus Curiae” (friend of the court) brief filed by LibertyAndProsperity.com with the NJ Supreme Court last Friday which contains all details.
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