Greenwald focuses on full restoration of state EITC

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Assembly Majority Leader Lou Greenwald, (D-6), wants Gov. Chris Christie to fully restore the state Earned Income Tax Credit (EITC), which the governor pared down in his budget two years ago.

“It stands on its own,” said Greenwald, when asked about whether his stepped-up advocacy for the tax credit should be seen as the longtime advocate’s inevitable retreat from the millionaire’s tax, a position that puts him at odds with the Republican governor, who promises to veto the millionaire’s tax.

“We are at the same place we always were,” said the majority leader, referring to the millionaire’s tax.

In his proposed budget this year, Christie restores the EITC gradually over two years. Greenwald, and others, like NJ Citizen Action, want it in the budget now.

The majority leader said lawmakers are delivering their combined lists of budget priorities and noted that full restoation of the EITC has bipartisan support.

While still an advocate for the millionaire’s tax, “I accept that the governor’s absolute refusal, in spite of the revenue numbers. I think that is alarming given how we are committed to giving property tax relief that the governor wants to continue to give tax breaks to millionaires.” 

Greenwald focuses on full restoration of state EITC