TRENTON – Its a semantics snafu driven by ideology on both sides.
From his perch on the Assembly Appropriations Committee, Assemblyman John DiMaio (R-Hackettstown) now takes a crack at the Pou-Greenwald double team, questioning wheher the millionaries’ tax as presented would actually generate $637 million.
“The point being, I don’t think the information is reliable,” says the Republican. “The reality is we’re sitting here with an $11 billion shortfall.”
Pou tries to back him down.
“Since you’re referring to Dr. Rosen’s memo, we can get clarification from Dr. Rosen, who’s right here, I want to make sure you’re clear.”
David Rosen, chief legislative budget officer, appears at the microphone.
“You’re going to be very impressed,” Greenwald tells DiMaio.
Rosen confirms that his estimates project $637 from the millionaires’ tax.
“You’re going to loss jobs,” Dimaio says. “We can’t keep driving people out of the state.”
“I’m more concerned aabout the 600,000 seniors,” Pou says.