Dem leaders: Little benefit for working people in budget proposal

TRENTON – Democratic leaders once again blasted Gov. Chris Christie’s call for an across-the-board income tax cut, saying he’s taking his eye off the real problem of high property taxes that has many residents struggling.

Following the governor’s budget address today, Senate President Steve Sweeney, Assembly Speaker Sheila Oliver, Senate Majority Leader Loretta Weinberg and Assembly Majority Leader Lou Greenwald held a press conference, saying there’s little benefit for working people from Christie’s proposal.

Sweeney said the governor is “protecting millionaires over middle-class” residents with his “income tax scheme.”

Nobody laid out a specific counterproposal to the governor’s, with Oliver saying she would rather explore “other avenues” than the Christie tax cut plan.

Oliver said Christie hardly mentioned anything in his speech about reducing property taxes, which she said has a “stranglehold” on residents of all income levels.

She said the anticipated income tax savings of $80 over a three-year period for a household making $50,000 would hardly be considered true relief.

Weinberg pointed out that the millionaires are scheduled to get a tax cut if Christie’s plan goes through, but someone who qualifies for the Earned Income Tax Credit would have to wait until 2014 to benefit. 

Dem leaders: Little benefit for working people in budget proposal