Credit-raters Moody's Investors Service said ending a tax deal with Pennsylvania that let people pay taxes where they lived, rather than where they worked, was "credit positive" for the state. I think that's bond-trader speak for "a good thing" for New Jersey. It would also raise taxes on low-income and moderate-income New Jerseyans, but let's focus on the positive.
Source: Philly.com
Posted on: September 13, 2016