The Governor made a little bit of news on NJ 101.5 with Jim Gearhart this morning.
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%).
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%).
But here’s the kicker: as part of his counterproposal, Governor Christie also wants a retroactive property tax credit (back to January 1st) of 10% for all state households earning $400,000 or less but capped at $10,000. The rates of the cuts would be graduated and phased-in through 2016. (Which would mean a 1000 dollar credit on a 10 thousand dollar property tax bill that would probably rise next year by the same amount leaving you paying the same amount you always did.)
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?
Save Jersey
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?
Save Jersey
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