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.
Assembly Democrats unveiled an alternative budget on Thursday one day after Senate Democrats released theirs. While the two plans differ slightly, there is one common element: they both call for hiking taxes on the wealthy in New Jersey.
Not pleased with Gov. Chris Christie’s spending plan, the top two Democrats in the State Senate presented an alternative state budget Wednesday, which includes a tax increase for New Jersey’s wealthiest residents - something the governor has said he would not accept.
The top lawmaker in the General Assembly said lawmakers are not waiting for a court to rule in a lawsuit seeking to stop Gov. Chris Christie from dramatically slashing the state's contribution to the public employee pension system.
New Jersey will collect $2.75 billion less in revenue than Gov. Chris Christie originally anticipated through the end of the next fiscal year, but his treasurer told the Assembly Budget Committee on Wednesday that an argument could still be made for tax cuts.
Watch the Assembly budget committee meet as Gov. Chris Christie announces plans to slash the state's contribution to the public workers' pension system by almost $2.5 billion for the combined fiscal years.