Gov. Chris Christie has repeatedly vetoed bills to increase the income tax paid by New Jersey's millionaires and in his 2015 State of the State Address he promised to do it again if the legislature approved such a tax hike. That was welcome news to the business community, but the top lawmaker in the General Assembly said that it doesn't mean to issue is dead.
As he vowed to do, Gov. Chris Christie signed a balanced $32.5 billion state budget into law Monday, but not before he cut two tax increases Democrats inserted to generate revenue to fully fund their year's public employees' pension fund payment.
With Democrats in the state Assembly and Senate recently unveiling alternative budget proposals, both of which hike taxes on New Jersey's wealthiest residents, Assembly Republicans held a State House press conference Monday to blast those plans.
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