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Christie Defends Income Tax Cut Proposal

Wednesday, January 18, 2012

New Jersey Governor Chris Christie said it’s time to “double-down” on the state’s economic comeback — and he believes the way to do that is by enacting the ten-percent, across-the-board cut in the state’s income tax he proposed during his State of the State address this week.

Some dismissed the proposal as a sound bite, pointing out that the cut would save a lot more money for someone making a million dollars than it would for a middle class earner making $50,000.

But Christie continued defending his proposal this week, and provided details during an interview with WNYC's Amy Eddings on Thursday.

"The fact is, what we're doing here is giving everybody the same percentage tax cut across the board," he said. "Of course folks who are paying more in a progressive system, when you cut those taxes, are going to get more, that's the definition of a progressive system."

Democrats also said the proposal would cut state revenues by a billion dollars, and would end up coming out of state aid to schools and localities. They pointed to a 30 percent tax cut they agreed on with Governor Christie Whitman in the 1990s that led to property tax hikes.

Christie was quick to point out the differences in his proposal.

“Our ten percent – ten percent tax cut, as opposed to a 30 percent tax cut, is also phased in over three years,” Christie said. "We're doing it very responsibly."

Christie said he will lay out all the details on February 21 in his budget proposal.

To listen to the full interview, click on the audio link at the top of this page.

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Comments [6]

Karen from Harrison

Thanks to WNYC and Amy E for bringing us a very informtiave piece from the great state of NJ. Lots of us in Jersey listen to WNYC and are members and we have such an interesting state- I mean who could be more interesting than our big govenor- so it is great to finally hear some good coverage.

Jan. 22 2012 09:21 AM
Peter from Warren NJ

OK... let's do the MATH (sorry to the math-phobes!)

Income... almost securely middle class [need college savings] $110,000 -
- NJ Income Tax gets about $2400 (after allowances and 2-3% flat rate)
- House - real estate tax of almost $12,000 annually - capped (if you believe that) at 2% annual increase.

So: 12,000 + 2,400 = 14,400 (9.1% of income)

Now reduce the NJIT by 10% and add 2% annually to property tax - for 3 years 12,635 + 2,160 = 14,795 (13% of income)

And realize that LOOPHOLES exist in the 2% cap... so it really doesn't exist (our RE taxes rose 8% last year)

[OK, I concede - income was left flat... so assume it's for a fixed-income retiree]

What is needed is a 10% reduction in PROPERTY taxes. All else is political posturing.

Jan. 19 2012 11:01 AM
modmike from Clifton, NJ 07011

This is more of the same smoke and mirrors type of politics that has become a way of life here in NJ. We need real solutions for real problems; not more of this double talk from political talking heads who are more motivated by their own political aspirations than by those of the taxpayers they represent.

Jan. 19 2012 09:22 AM
BP from Somerset County NJ

I was pleased to hear NJ government getting some real coverage. Gov Cuomo and Albany get a lot of airtime on WNYC, but sometimes issues pertinent to listeners (and donors) west of the Hudson seem overlooked. That said, it felt like the reporter was serving as a mouthpiece for the Democrats, concluding the segment by identifying Christie as the "Republican" governor from NJ. I don't hear you qualify Cuomo as the Democratic governor. . .

Jan. 19 2012 09:14 AM
V L

I am never going to vote for anyone who is so FAT. If he cannot manage his weight, what else will he mess up. First, lose all the weight that you need to lose and then you might have something to say.

Jan. 18 2012 08:59 PM

How confrontational can you get? Build consensus? Certainly not. Forge compromise? No way! Engage in bipartisan negotiation? Not a chance!

What a disappointing view of NJ's governor. It's all about the fight. I'd hate to get in his way, and would not be surprised if he fights dirty.

It's not difficult to see that he's way too big for his size 48+ britches...

Jan. 18 2012 08:07 PM

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