NJ Democrats Push Referendum on 'Millionaire's Tax'

Monday, 26 Mar 2012 12:54 PM

By Greg McDonald

Share:
More . . .
A    A   |
   Email Us   |
   Print   |
New Jersey Democrats are threatening to put a proposed “millionaire’s tax” to a public vote if Republican Gov. Chris Christie continues to oppose legislation raising taxes on the wealthy, according to the Newark Star-Ledger.
 
“If we need to do this by referendum because the governor refuses to bend, then so be it,” Assembly Majority Leader Lou Greenwald told the newspaper.
 
In order to force a public referendum, lawmakers would have to pass a specific bill two years in a row calling for the issue to be placed on the 2013 ballot as a constitutional amendment.
 
But if that happens, Christie, who is up for re-election next year, would be unable to stop it because governors have no authority over constitutional amendments.
 
“It’s a no-brainer,” said state Democratic Sen. Shirley Turner, who introduced a tax bill Christie vetoed last year that would increase the highest rate from 8.97 percent to 10.75 percent on income above $1 million.“People would break their necks getting to the polls to support it.”
 
According to recent polls, New Jersey voters would support a tax increase on the wealthy. Supporters of the tax increase say it would add about $600 million a year in revenues to state coffers.
 
Christie spokesman Michael Drewniak called the Democratic threat “an abuse of the [legislative] process, adding that it “shows how desperate and ridiculous an idea it is.”
 

© 2013 Newsmax. All rights reserved.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Top Stories
Around the Web
You May Also Like

Award-winning Journalist Michael Hastings Dies

Tuesday, 18 Jun 2013 22:08 PM

Award-winning journalist and war correspondent Michael Hastings has died in a car accident in Los Angeles.BuzzFeed Edito . . .

Ron Paul: Gold Price Could Go to Infinity

Tuesday, 18 Jun 2013 22:05 PM

How high can the price of gold go? Former Congressman and presidential candidate Ron Paul thinks it could go to infinity . . .

Texas Rep. Poe Saved by Arizona Congressman, Aide from Choking

Tuesday, 18 Jun 2013 20:56 PM

A Texas congressman who was choking on a piece of popcorn is thanking a fellow Republican from Arizona and a House staff . . .

 
 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved