Christie vows to veto tax hikes at town hall
HADDON HEIGHTS (AP) — Gov. Chris Christie (R) is vowing to veto a package of tax hikes being pushed by Democrats to fill New Jersey's gaping budget hole.
Speaking Wednesday in Haddon Heights at his 122nd town hall-style event, Christie said residents of the state will flee if their taxes rise any higher
A budget proposal advanced Tuesday by Democratic lawmakers would raise taxes on residents earning at least $1 million a year and impose a higher tax on businesses.
Christie has nixed similar increases in three of the past four years.
Christie and Democrats are locked in a showdown over a budget that must be adopted by June 30.
Christie has proposed cutting planned contributions to the state's pension system to help bridge a projected $2.75 billion budget gap for the coming fiscal year.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)