Newspaper article The Record (Bergen County, NJ)

Governor Presses for Income Tax Cut

Newspaper article The Record (Bergen County, NJ)

Governor Presses for Income Tax Cut

Article excerpt

Governor Christie continued to berate Democratic lawmakers Wednesday for failing to pass his income tax cut, and he plans another stop in his summer tour of beachfront towns today to press that same message.

His tour comes as a recent poll shows most New Jersey voters are siding with Democrats who want to wait and see if state revenue can cover the cost.

"They can afford to spend in this year's budget over $31 billion on lots of other stuff, but they can't afford $200 million to give you a tax cut," Christie told a crowd of 200 people on the Ocean City Music Pier. "I don't understand that."

The Democrats say they want to wait until January to ensure Christie's lofty revenue projections come in on target as tax collections to date have been below initial projections.

And even though residents would not realize the tax relief until they file their income tax returns in April, Christie said the Legislature must take action now to show businesses the state is committed to cutting taxes.

"I'm fighting for the tax cut now because you know, businesspeople are making decisions now about whether they're going to expand next year," he said. "The Democrats say we'll get to it. We'll get to the tax cut in December or January. Well that's going to be too late for 2013. Those businesspeople are already going to be deciding where they're going to invest their money, where they're going to spend."

But the Democrats point to a Monmouth University/Asbury Park Press poll released Tuesday that shows 54 percent of voters who participated agreed it's "better to wait to see if enough revenues come in to support" a tax cut, according to the poll. Only 37 percent favored passing the tax cut immediately, which is what Christie wants.

"New Jerseyans clearly support the Democratic position of responsible budgeting and reject the governor's reckless approach of spending money we don't have," Assembly Majority Leader Lou Greenwald, D-Camden, said in a statement. …

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