COMMISSION.
SHE IS AN ATTORNEY AND
IMMIGRANTS RIGHT ACTIVIST AND
SHE IS ILLEGAL.
BACK TO MY EDITORIAL TOP OF
THE HOUR.
GOVERNOR OF NEW JERSEY WILL
RAISE TAXES.
WELCOME BACK.
LET'S KEEP THE SMILES ON OUR
FACES BECAUSE YOU KNOW THIS IS
A MISTAKE THAT A MILLIONAIRE'S
TAX WILL CAUSE PEOPLE TO FLEE
THE STATE AND YOU SAID THE
LAST TIME YOU ARE WITH US YOU
SAID NO, WERE NOT, DO A
MILLIONAIRE'S TAX.
THE GOVERNMENT SAYS WE ARE.
>> IS OUR OPPORTUNITY TO DO
SOMETHING ABOUT IT.
THERE'S SOMETHING MISSING AND
THAT'S WHERE WERE MAKING CUTS
AND REFORMING THE HEALTH CARE
SYSTEM AND PENSION SYSTEM TO
AFFORD THE GOVERNMENT WE HAVE
RIGHT NOW.
IT'S UP TO US TO DEAL WITH IT.
IT WILL CAUSE PEOPLE TO LEAVE
THE STATE.
I WAS JUST WORKING WITH SOME
EXPERTS IN THE ECONOMY AND
THEY ARE TELLING US ABOUT
CONNECTICUT ON THE WEALTH
FLIGHT OUT OF CONNECTICUT.
THEY ARE STRUGGLING MORE THAN
US AND WE DON'T NEED TO HELP
IT MOVE ALONG ANY QUICKER.
STUART: YOU ARE IN A DIFFICULT
POSITION.
IF YOU DO THAT, YOU ARE
CHARGING TEN-POINT SOMETHING%
ON INCOMES OVER MILLION
DOLLARS.
I THINK IT'S RELATIVELY EASY
TO WALK ACROSS STATE LINES.
IS THAT WHAT THE EXPERTS ARE
TELLING YOU.
>> OF COURSE THEY ARE.
THEY'RE TELLING US THAT THE
TOP STATES FOR PEOPLE TO LEAVE
NEW JERSEY OR NEW YORK
SYLVANIA AND FLORIDA.
THERE'S A REAL SENSITIVITY AND
AFTER WHAT HAPPENED IN
WASHINGTON, IT ACTUALLY PUT US
IN A MORE PRECARIOUS
POSITION.
REFORMING GOVERNMENT AND
FINDING A WAY TO MAKE THIS
WORK BETTER, WE HAVE A LARGE
PENSION OBLIGATION.
THERE HAS TO BE A CONVERSATION
EVENTUALLY ON A NEW SYSTEM FOR
THE WORKERS.
STUART: YOU SEE HOW PEOPLE
FEEL.
YOUR RAISING TAXES.
WHETHER IT'S A MILLIONAIRE'S
TAX OR AIRBNB OR MARIJUANA OR
UBER OR WHATEVER, YOU ARE
RAISING TAXES AND THE MONEY
YOU RAISE IS GOING TO THE
UNFUNDED PENSION LIABILITIES
OF RETIRED GOVERNMENT
WORKERS.
HOW ARE PEOPLE SUPPOSED TO
FEEL ABOUT THAT?
>> LISTEN, I KNOW HOW THEY
FEEL BECAUSE I HEAR FROM
THEM.
MY GREATEST CONCERN IS THIS IS
STEP ONE OF A FOUR-YEAR
PROCESS.
WE TALKED ABOUT PHASING IN
THESE PROGRAMS.
IF YOU DID THE MILLIONAIRE'S
TAX AND ALL THE OTHER TAXES
THAT WERE OFFERED IN THE
BUDGET ADDRESS, WHERE ARE YOU
GOING NEXT YEAR TO RAISE A
BILLION DOLLARS?
IT'S NICE TO WANT TO EXPAND
PROGRAMS BUT UNLESS YOU HAVE
THE RESOURCES, WE HAVE
FINANCIAL DIFFICULTIES IN NEW
JERSEY AND WE REALLY NEED TO
DEAL WITH THEM FIRST.
BEFORE YOU GO OUT AND DO
SOMETHING ELSE.
>> RIGHT.
>> I'M ALMOST AT A TIME BUT
I'VE GOT THIS LAST ONE FOR
YOU.
I'M NEARLY 70 YEARS OLD.
I DON'T EXPECT, IN MY
LIFETIME, EVER TO SEE THE
GOVERNMENT OF NEW JERSEY
UNDERSTAND THE MESSAGE AND THE
LESSON THAT YOU LOWER TAXES
AND YOU INCREASE GROWTH.
YOU WILL NEVER EVER LEARN
THAT.
YOU GET 30 SECONDS.
>> I THINK WE'VE LEARNED THAT
BUT I THINK WE UNDERSTAND IT.
THE PROBLEM IS THERE'S
DIFFERENCE OF OPINIONS.
STUART, I DID THE REFORMS OF
GOVERNMENT SPENDING YEARS AGO
THAT SAVED BILLIONS OF DOLLARS
BUT MORE NEEDS TO BE DONE.
IT'S EASY TO CHECK AFTER MORE
DOLLARS.
THE HARD THING MAKING THE
CHANGES.
I GET IT.
I MADE SOME MISTAKES ALONG THE
LINE LIKE OTHERS HAVE TWO AND
LESS TAXES, I BELIEVE WILL
KEEP PEOPLE IN NEW JERSEY
BEFORE THEN YOU BETTER HAVE A
QUIET WORD WITH THE NEW