Income Tax Credit Cuts Mean Higher Taxes for Some in N.J.
September 27th, 2012 | by Jon Whiten | Published in NJPP In the News | 1 Comment
From the Record, September 26, 2012:
In his keynote address at the Republican National Convention, Governor Christie said a curious thing. He said that the state had weathered the last three years without raising taxes. It’s a claim that he’s repeated in recent town halls, and it must come as some surprise to the 500,000 of New Jersey’s low-income workers whose taxes he raised when he cut the Earned Income Tax Credit.
As New Jersey Working Families Alliance executive director Bill Holland notes in this op-ed, the EITC helps offset the high cost of living in New Jersey and gives adults an incentive to work instead of relying on welfare or other public programs.
Holland takes Christie to task for his 2010 decision to cut the EITC, citing NJPP research that shows the cut raised taxes on New Jersey’s working poor by an average of $200 per year.
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September 28th, 2012at 9:10 AM(#)
Just the other day, Christie slipped and included ‘income’ before his usual rant to lower NJ….. taxes.
Of course, any fair thinking person would realize it is the cruel regressive school property tax that must first be eliminated.