Reduce all income tax brackets by 10% and restore EITC
In my budget, I will fulfill a promise I made to all the people of New Jersey in 2009. Real relief from the heavy income tax burden that has strangled our families and forced many to move away.
I propose to reduce income tax rates for each and every
New Jerseyan. In every tax bracket. By 10% across the board.
I also propose to fully restore the earned income tax credit for New Jersey's working poor, which we were forced to cut during the dark days of 2010, when growth was gone & we had no money.
Understand what this means--every New Jerseyan will get a cut in taxes. The working poor. The struggling middle class. The new college graduates getting their first job. The senior citizens who have already retired. The single mom. The job creators. The
I believe we can and we must lower taxes. Lower taxes will invite back businesses, jobs, employees, residents and students. More people paying taxes means more revenue
Reduce the personal income tax
Restore property tax relief for everyone
Eliminate the "double-taxation' on New Jersey S-Corporations
Eliminate special interest labor union giveaways that increase taxes
2/3 majority vote to impose new tax or to increase existing tax.
Source: Campaign website, www.christiefornj.com, "Issues"
, Nov 3, 2009
NJ has highest state tax burden & it's getting worse
New Jersey has the highest tax burden in the country and it's getting worse--the latest Corzine budget just raised taxes by another $1.2 billion. We're also burdened with the highest property taxes in the country, but that didn't stop Jon
Corzine from taking away property tax rebates from 1.2 million New Jerseyans in this year's budget.
In fact, Jon Corzine and Jim McGreevey have raised taxes on the average New Jersey family by more than $10,000 since 2002--over
$22 billion in taxes, the highest in the nation.
This will change in a Christie Administration. Highlights from Chris' plan to cut our taxes:
Provide Property Tax Relief
Reduce New Jersey's Income Tax
Across the board cut for all taxpayers
Additional cut or credit for NJ-based small businesses
Reduce the Corporate Business Tax Rate
Eliminate the double taxation on New Jersey's S-Corporations
Lonegan said he would do away with property tax rebates and equalize school funding in all districts to lower property taxes. Christie said he would keep the rebate program.
