Prieto: Those earning more should pay more

TRENTON – Despite Gov. Chris Christie’s repeated promises to block any tax increase proposals, Assembly Democrats have indicated their plan to collect more from the state’s high earners will be an ongoing talking point.

In his opening remarks of this afternoon’s Assembly budget hearing, Chairman Vincent Prieto, (D-32), Secaucus, expressed support for the Democrats’ 20 percent property tax credit plan for New Jersey families with incomes up to $250,000.

“Property tax relief is number one,” Prieto said.

The Assembly majority’s proposal relies on a millionaire’s tax, which Christie has indicated is not an option on the table.

Despite the assurances that any proposal for a millionaire’s tax would ultimately fail, Prieto indicated Assembly Democrats would continue their fight.

“We need to share the sacrifice and we’re looking to do that with the higher income owners,” he said.

Prieto made his remarks ahead of state Treasurer Andrew Sidamon-Eristoff’s testimony before the Assembly Budget Committee.

Prieto: Those earning more should pay more