Christie To Make Smaller Pension Payments – Your Reaction [POLL]
What’s the best way to fill the $800M NJ budget gap? Reduce the proposed pension payment or raise millionaires tax?
You had to know this was coming.
Governor Christie today announced that he was planning to cut pension payments to the seriously underfunded system in order to plug the 800 million dollar hole in the budget which has to be passed by June 30th.
The reason why I say “you had to know this was coming” is because he’s vowed to impose no new taxes – leaving off the table a possible “millionaires’ tax”; as well as favoring an additional tax on the sale of e-cigarettes.
Despite saying that "everything's on the table!"
His original budget proposal was touted as having been able to make the biggest payment to the pension fund any governor in recent memory has made.
But still, given all of the above, you had to see this one coming.
And public sector workers are seething.
Is it a prudent move on his part to make a smaller payment to the pension plan; or should he look for sources of revenue elsewhere – like, say, a millionaires’ tax?
We'll see if "everything's on the table!"
What would you put there - or is this a rhetorical question?