Chris Christie announced that he will support an increase to the earned income tax credit… just not the one that Democrats wanted. That plan will receive his condition veto later today. Christie will, however, support an increase to New Jersey’s earned income tax credit (from to 20% of the federal level to 25%).
This is being seen as typical posturing in a Garden State election cycle. Expect the Governor’s media machine to cast this new proposal as a direct and positive consequence of the Christie Administration’s sound stewardship of our finances over the past 3.5 years. Democrats will stick to the political critique.
Let them… they’re only offering half a fish. Christie just threw a full-grown tuna on the table. Eat up, folks, while Buono & Co. figure out how to respond. Will they vote for the tax cut to help their legislative candidates in the face of a wave? Or will they run the risk of letting Christie come to their districts and accuse them of holding up relief?