Governor Chris Christie wants to cut income taxes by 10% for every New Jerseyan. Senate Democrats want to cut property taxes by 10% and Assembly Democrats have a plan they say can provide a 20% property tax cut for those who need it most.
Governor Chris Christie, the State Senate Democrats and the Assembly Democrats all have competing tax cut proposals, but if the state doesn't have enough money to support any of them they could all be dead.
Tax cutsremain the hot topic in Trenton. Governor Chris Christie wants to cut income taxes by 10% for every New Jerseyan. Senate President Steve Sweeneyproposes a 10% property tax cut for some and the Assembly Democratshave a plan they say can provide a 20% property tax cut for those who need it most.
State Senate President Steve Sweeney's property tax cut plan does not include a millionaires' tax increase even though he supports the idea. He knows where Governor Chris Christie stands on the issue of a millionaires' tax hike so Sweeney says including one would be pointless and political.
New Jersey has and will continue to be the butt of property tax jokes for the foreseeable future. And while a bi-partisan effort to cap property taxes has had some success, some New Jersey towns have flipped the script.
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