PolitickerNJ Wire Feed

By Tom Hester | February 7th, 2013 - 2:01pm
| More

Oliver, Greenwald, Watson Coleman, Schaer, Ramos & Spencer Bill to Restore Vital Tax Credit for Working Poor Released by Assembly Committee

(TRENTON) – Legislation Assembly Democrats Speaker Sheila Y. Oliver, Majority Leader Lou Greenwald, Bonnie Watson Coleman, Gary Schaer, Ruben J. Ramos Jr. and L. Grace Spencer sponsored to restore a vital tax credit for working poor families that was slashed by Gov. Chris Christie was advanced Thursday by an Assembly panel. The Earned Income Tax Credit is a credit for working poor residents who work and have earned income.

Christie slashed the credit from 25 percent of the federal tax credit to 20 percent in 2010, effectively raising the income tax liability for New Jersey families by $45 million. The bill (A-3793) would reverse the cut and restore the program to its previous level of 25 percent beginning in tax year 2013. Christie has vetoed previous bills to restore the EITC (A-3029 in 2012 and A-4204 in 2011), even while guarding tax breaks for millionaires and offering to restore the EITC in unrelated initiatives, such as his recent rejection of the Democratic bill to raise the minimum wage.

The New Jersey earned income tax credit is a refundable credit intended to “make work pay” by offsetting the burden of taxes for low and moderate income workers. According to the federal and State data, about 528,000 taxpayers received an average state benefit amount of approximately $430 during tax year 2010, the most recent year for which data are available.

“The last thing working poor families needed was a tax increase, but that’s exactly what they got from Gov. Christie, even as he was protecting tax cuts for millionaires and playing callous politics,” said Oliver (D-Essex/Passaic). “Gov. Christie and Republicans can zealously justify tax cuts for millionaires while saddling poor working families with tax increases, but Democrats won’t give up this fight to do the right thing..."

To read more, please visit the New Jersey General Assembly Democratic Office Web site.

On the Net:
The Assembly Democratic Office Web site
NJ Assembly Dems on YouTube
NJ Assembly Dems on Vimeo
NJ Assembly Dems on Facebook
NJ Assembly Dems on Twitter
NJ Assembly Dems e-mail alerts

Wake-Up Call

Morning Digest: September 19th

NBC News: Federal charges ruled out for Christie in Bridgegate scandal NBC News tonight is reporting that federal investigators say after nine months of investigating Bridgegate there is 'no evidence" that Gov. Chris Christie had advance knowledge about any politically motivated scheme around the bridge lane closures at the...

Op-Ed

Legislation needed for publicly financed gubernatorial elections

By JEFF BRINDLE It is critical that the Legislature soon enact a pending bill that would ensure the state’s Gubernatorial Public Financing Program is available in the event of a special election for governor.  Not only is there no current legal... Read More >

Contributors

Sports and politics do mix: Welcome the next NFL Commissioner, Condi Rice          There are many sports fans who insist on believing that old bromide that sports and politics do... more »
(9-17-14) Viral Video Prompts Questionable NJ Municipal Ordinance -  Socrates said, “While I might disagree with what you say, I will defend to the death your right to say... more »
(Asbury Park, NJ) -- There's a word for someone who says one thing and does another: hypocrite.  There's no shortage of 'em in Trenton -- from ... more »
 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »

Quote of the Day

quote of the day

“The fact is that they’ve been digging around for eight months now and have found absolutely nothing. Wrap up your work. Do your job." - Gov. Chris Christie

- PolitickerNJ

Poll

Should the Joint Legisaltive Committee investigating Bridgegate 'wrap it up?':

Blogroll

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources