Senate Democrats Want Tax Cut, But Only If It’s Affordable
Senate Democrats appear ready to embrace the tax cut Gov. Chris Christie wants, if New Jersey can afford it.
Sen. Paul Sarlo, who chairs the budget committee, says Democrats want assurances that the state has the revenue to provide a phased-in 10 percent tax cut.
Sarlo, of Bergen County, wouldn't release details after Senate Democrats met for two hours Thursday to discuss the budget. Assembly Democrats are set to meet later Thursday.
A key question in the budget discussions is whether the Democrats will include a tax cut for residents, and if so, whether it will be effective right away or delayed until the state economy improves.
(Copyright 2012 by The Associated Press. All Rights Reserved.)