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Christie Vetoes 'Millionaire's Tax'; Saturday Protest Planned in Trenton

Friday, May 21, 2010

New Jersey Gov. Chris Christie has vetoed a measure that would have restored a higher income tax on the state’s wealthiest residents. Democrats in both houses included the tax increase with votes to boost prescription drug benefits for seniors and to restore property tax rebates for the elderly and disabled. They knew Christie had promised to veto the measure, which would affect some 16,000 Garden State residents who make more than a million dollars a year. Christie was quick to reject the package, saying higher taxes would hurt the state's recovery. Political observers say it is highly unlikely Democrats could get the necessary number of GOP members to join them for a veto override. Camden County Assemblyman Peter Moriarty says Christie is effectively imposing his own tax, especially on the elderly and disabled, since he's rejected longstanding rebates. “I'm not for tax hikes, but if someone's going to get a tax break this year, my feeling is that 600,000 seniors and disabled people should get the tax break, not millionaires,” Moriarty says. In another move to close an $11 billion budget deficit, public employees in New Jersey must now pay at least 1.5 percent of their salaries toward health insurance starting Friday. Police and firefighter unions unsuccessfully sought to block the law. They argued it's an area that should be regulated by collective bargaining instead of legislation. They also said this change amounts to an unfair tax on public employees and that the law was vague. Public workers, teachers and others upset about changes to their benefits, pensions, and budget cuts are planning a rally in Trenton on Saturday in hopes of swaying lawmakers to reject Christie’s harsher cuts.
Story updated at 2:00 p.m.

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Comments [5]

Linda Kochis from East Brunswick

I would like to know when the next protest is also! Christie has been talking out both sides his mouth since day one I did not vote for him and can not wait until he is voted VOTED OUT!!!

May. 28 2011 09:57 PM
Thomas Mazur from Denville, NJ

If what the Governor says is true and he wants to have a tax break for senior citizens, how about giving our senior citizens a tax rebate with the $200 million of State money he just promised to a real estate developer to finish a mall in the Meadowlands. In the words of someone who faced this same type of double speak centuries ago "Big white man talk from both sides of mouth."

May. 10 2011 01:19 PM
Pat Jacobson

I can not believe that Christie is giving millionaire's a tax cut. How does he justify his actions. If I was a millionaire I would be happy to pay extra taxes. He is helping the rich including himself when other people are just about making ends meet. He needs to get out of office. He is bring our state down.

May. 08 2011 04:52 PM
Edward Walker

Easy solution to the problem, Don't vote for anyone that does not vote to over ride that veto. It's time to replace the Political machine in New Jersey, after all . We voted them in office to work FOR US to protect us, not themselfs and there wallets.

The papers should print a list of all the votes, by both parties. Then you know where they stand! on your side or theirs.

May. 07 2011 02:04 PM
David from New Jersey

How do we find out about the next planned protests in New Jersey?

Mar. 07 2011 10:03 PM

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