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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNJ Dems cave to Christie: Will support tax cuts despite loss of revenue
Democrats bow to Christie's plan to cut income taxes
Democrats had enough ammunition Wednesday to blast a crater-sized pothole in the Jersey Comeback narrative, Governor Christies boast of a state that is fast on the road to recovery.
Instead, they lay down and let Christie roll right over them.
They could have made the case that New Jersey just cant afford a tax cut their own veteran analyst said the administration could collect as much as $1.3 billion less than expected in the next 14 months. The state may not have enough money to pay for its services and programs for the poor, the elderly and the venerated middle class.
They could have said that now is not the time to turn New Jersey into a laboratory of trickle-down economics, especially when the reward may not even help an average homeowner buy a bag of groceries.
-more-
http://www.northjersey.com/news/politics/nj_politics/052412_Stile_Democrats_bow_to_Christies_plan.html
NJ budget shortfall will force cuts in transportation, clean energy programs
Governor Christie is planning to raid New Jerseys clean energy and transportation funds but not scale back his proposed income tax cut now that a $676 million budget shortfall has punctured his Jersey Comeback.
That shortfall was announced by the Christie administration during an Assembly Budget and Appropriations Committee meeting Wednesday, with the state treasurer acknowledging to lawmakers that the Republican governors spending plans must be revised because Christie overestimated the scale of the states economic recovery.
The governors earlier estimates predicted a state economy that would outpace any other state in the country and be enough for tax cuts and increased spending.
Yet even as Treasurer Andrew Sidamon-Eristoff politely downplayed the difference between the administrations revised estimates and a new forecast put forward Wednesday by a non-partisan legislative budget analyst, Christie attacked the analyst personally.
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http://www.northjersey.com/news/Christie_budget_to_fall_short_668M_this_year_analyst_says.html
rfranklin
(13,200 posts)and lauding Christie for the "comeback." Why are they letting him roll over them?
ananda
(28,895 posts)This makes NO sense.
no_hypocrisy
(46,297 posts)Christie doesn't have the numbers unless they're afraid of his town hall meetings where he appeals to the masses.
ProSense
(116,464 posts)Those ads are such BS.
badtoworse
(5,957 posts)Tax the rich doesn't play well in New Jersey.
ProSense
(116,464 posts)"Tax the rich doesn't play well in New Jersey."
...being suckers does. Christie's formula: decimate property tax rebates (which benefit those earning under $100K) and give tax cuts to the rich.
It's bad enough he killed the biggest job-creating project in the region.
He's a major league asshole.