NJ Democrats Visit Family’s Home to Push Tax Cut Plan
New Jersey Assembly Democrats will use a visit to a Hamilton family’s home to push a property tax cut for those making up to $250,000 a year.
Assembly Majority Leader Louis Greenwald and others will visit the Castellano family home on Wednesday. The plan calls for a 20 percent tax credit on the first $10,000 paid in property taxes.
Seniors and disabled residents would qualify for a 25 percent credit.
Democrats say that would benefit 95 percent of households in the state, amounting to between $1,600 and $2,000 a year. Democrats want to pay for the credit by eliminating tax breaks for millionaires.
Republican Gov. Chris Christie has called for a 10 percent income tax cut instead, which Democrats say unfairly benefits the very wealthy.
(Copyright 2012 by The Associated Press. All Rights Reserved.)