Gov. Chris Christie continues to demand a tax cut and now he says the Democrat-controlled legislature has no reason not to enact the cut. Christie is offering lawmakers a "circuit breaker" that allows them to repeal the tax cut if they believe the state cannot afford it.
The constitutional deadline for a signed and balanced State Budget is midnight June 30th, less than four weeks from today. Sagging state revenues have many wondering if any of the three competing tax cut plans afloat in Trenton are going to go under. Governor Chris Christie insists there will be a tax cut.
Governor Chris Christie wants to cut income taxes by 10% for every New Jerseyans. Assembly Democrats have a plan they say can provide a 20% property tax cut for those who need it most. The battle lines are clearly drawn for Christie and Assembly Majority Leader Lou Greenwald and neither man is backing down.
Gov. Chris Christie says it's a good day for New Jerseyans because the Democratic leader of the state Senate agrees that residents deserve an income tax break.