New Jersey Governor Chris Christie proposed reducing income-tax rates for every state resident by 10 percent to provide relief from the “burden that has strangled our families and forced many to move away.”
“Today, because we have put our fiscal house in order, we can budget for our priorities and give tax relief to all of our people,” Christie, a first-term Republican, said during his State of the State speech. “Tax relief that will lead to better lives for our citizens and more jobs for our state.”
Christie, 49, also said he will seek to restore an earned income-tax credit for New Jersey’s working poor, which he said he was forced to cut in 2010 “when growth was gone and we had no money.”
While other states, including California and Illinois, are raising taxes, New Jersey is choosing “responsible tax cuts to give our overburdened citizens real relief,” Christie said.
The governor said the budget he submits next month “will be truly balanced,” and that the state needs to continue to “hold the line on spending.”
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