Republicans controlling the House have passed a bill to extend tax cuts due to expire Dec. 31, officially laying down their marker in an election-year showdown with President Barack Obama and his Democratic allies over whether to raise taxes on wealthier earners and people who inherit million dollar-plus estates.
A Jersey watchdog group has issued a new report that calls on Congress to extend a tax cut for Americans making up to 250 thousand dollars a year, and allow the same cut for the wealthiest Americans to expire.
Governor Chris Christie vows to fight Democrats all summer calling them out for not guaranteeing a tax cut. Assembly Budget Committee chairman Vinnie Prieto, a Democrat has what amounts to a two-word response to Christie..."Bring it! "
Governor Chris Christie is back in New Jersey, hitting the beach in Monmouth County for the first stop of his so called "endless summer tax relief tour."
After spending last week out of the state, Governor Christie is back, and will immediately head to the Jersey Shore to spread his message about tax cuts.
In a memo sent to budget committee members in the State senate and General assembly yesterday, David Rosen, the legislative budget and finance officer with the non-partisan Office of Legislative (OLS) services writes, "Assuming that the transfers and accruals follow the pattern of recent years and assuming the remaining cash collections match recent months, FY 2012 revenue collections are lik