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New Jersey Citizen Action Applauds Expected Passage Of The "Millionaire's Tax" And Other Budget Priorities

CNBnews.net — Tuesday, June 26, 2012

New Jersey Citizen Action today applauds the expected passage of a package of bills surrounding the Fiscal Year 2013 budget. These bills, including the "Millionaire's Tax," the immediate full restoration of New Jersey's earned income tax credit, and a bill to restore state funding for family planning, are all associated with the Legislature's 2013 budget proposal.

"For the past two years Governor Christie has repeatedly valued tax cuts for the wealthiest 1% of New Jerseyans over the programs the middle class needs," said Phyllis Salowe-Kaye, Executive Director. "Today the New Jersey Senate and Assembly will do the right thing by passing a responsible budget that promotes tax fairness and invests in a sustainable future for all New Jerseyans - not just the rich."

"The Democrats have put forth a budget that stands in stark contrast to the Governor's proposal, which relies on gimmicks and 'one-shot' deals to pay for a tax cut that would give the average New Jerseyan money for two tanks of gas, while giving millionaires the down-payment for a new sports car," added Salowe-Kaye. "By asking millionaires to pay their fair share, the Democratic budget gives a tax cut to the people who need it most - the middle class and the working poor - while also funding important initiatives like family planning."

"While some important items remain unfunded in the budget, like New Jersey's Lead-Safe program which helps residents with low cost lead abatement loans," said Salowe-Kaye, "the bottom line is that the Legislature's budget stands as the responsible alternative to the reckless proposal put forth by Governor Christie, and if signed, will be a victory for the middle class."

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