Assembly Democrats Unveil Property Tax Relief Credit Plan
On the heels of a plan by State Senate President Steve Sweeney to reduce property taxes for those making less than $250,000 a year, the Assembly Democrats have unveiled a plan of their own.
The plan calls for a 20% property tax relief credit for the state's middle-class and lower-income homeowners. The average family would recieve a $1,552 credit. The plan provides a maximum credit of $2,000.
"This is geared directly toward helping New Jersey's middle-class and lower-income families who have shouldered a heavy burden the last two years," said Assembly Speaker Sheila Oliver.
The plan is in response to Governor Chris Christie's ten percent income tax cut that Democrats say benefits the rich more than the state's middle-class.
"We're providing help to our middle-class families who have suffered while Governor Christie protected tax cuts to the wealthy. This is a plan everyone should rally behind on behalf of our middle-class," said Assembly Majority Leader Lou Greenwald.