Tax Cut Talk Continues in Trenton [AUDIO]
Governor Chris Christie (R) continues to talk about his desire to have some kind of a tax cut next year, but he’s not offering any specifics about what he’s going to propose.
He’s also urging Democratic leaders to keep an open mind on the subject.
“When you hear Democratic leaders say they’ll track revenues to see if a tax cut is possible – a classic Democratic argument, ‘We can only afford to cut taxes if we have more revenue,’” he said. “It’s as if they’re blind to the idea that we could also make reductions on the spending side.”
Christie indicated he’s be ready to introduce some type of proposal during his budget in late February.
“And what will be in there or not in there will be based upon the analysis I’m going through now with the treasurer’s office, and my budgetary staff in the governor’s office,” he explained.
He also said he’ll continue to discuss the situation with state Senate President Steve Sweeney (D-West Deptford), and incoming Assembly Speaker Vinnie Prieto (D-Hudson).
Afterwards, Sweeney didn’t seem impressed by the governor’s remarks.
“The governor keeps talking about a tax cut, no one has wanted a tax cut more than me, but when you dig into the numbers you realize that homestead rebates have been cut by billions of dollars, municipal aid has been cut by more than $340 million a year and poor working people are paying $53 million a year more,” he said.
“So to create another tax cut program that’s not going to be funded or is not going to get done makes no sense.”
Sweeney added that he would love for the revenues to be better and would love for things to work out, but said he can’t create some magic numbers.
“You know the governor seems to do that each year with his budget. It sounds good if you’re running for President that you’re cutting taxes, but people in this state have seen their taxes going up,” Sweeney explained. “And it’s because of the cuts this governor has made to programs that are existing right now.”