Early revenue numbers suggest that New Jersey’s business and income tax collections are lagging behind estimates. The final tally from income tax revenue is pending, but the chairman of the Assembly Budget Committee is already on the offensive attacking what Governor Chris Christie calls the ‘New Jersey Comeback.’

“We still need to see the total and complete revenue picture, but at this point Governor Christie’s so-called ‘New Jersey Comeback’ is a myth rather than reality,” says Assemblyman Vincent Prieto. “With unemployment at 9 percent and property taxes higher than ever, Governor Christie needs to put this ‘comeback’ silliness aside and confront the harsh reality of his fiscal policies and the burden they’ve placed on New Jersey’s middle-class and seniors.”

The Assembly Democrats are pushing a plan that they say would cut property taxes by 20% for households with income of less than $250,000. Half of the proposal would be funded by increasing the tax on millionaires. Christie has already vetoed such a tax hike twice and says he’ll do it again.

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