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

The Back Room

Sweeney goes on offense

Days after Jersey City Mayor (and 2017 gubernatorial hopeful) Steve Fulop declared his support and fundraising devotion to South Jersey Congressional candidate Bill Hughes, Senate President Steve Sweeney (D-3) see-sawed onto Fulop's turf with his own "I can find pockets of love in every part of this state including JC" statement.

Read More >

Wake-Up Call

Morning Digest: April 18, 2014

Fulop endorses Smith in Bayonne mayoral raceBAYONNE - Jersey City Mayor Steve Fulop parachuted into the Bayonne mayoral race on Thursday night by endorsing incumbent Mayor Mark Smith."It is a pleasure to be with you here, Mark," said Fulop to a crowd of more than 125 supporters at a...

Op-Ed

Paterson can flourish with a second chance

By ASLON GOOW, SR. I have spent the past three decades raising a family, building a business, and working to improve our Paterson communities.  I am proud of those accomplishments.  In 2002, I spoke at an expungement... Read More >

Contributors

(4-16-14) New Jersey Vote By Mail Law - The voter turnout for New Jersey’s November gubernatorial election was the lowest since the days of prohibition, coming... more »
When it comes to profiling Christie, facts are for wussies (4/10/14) - As the national media stories on our Guv pile up, expect more blunders about the Garden State.... more »
This week I begin a series called Dispatches from Somewhere Else. Based on my on-going experiences as an everyman in New Jersey politics, these Dispatches review the hollowness of... more »
Watching Governor Chris Christie's shocking BridgeGate implosion, it's easy to forget the time when he truly seemed unstoppable.  Blessed with incredible political gifts and a Jersey bluster to match,... more »

Quote of the Day

Quote of the day

"This is my first Mark Smith event. There have been a lot of changes in Hudson County over the last year and a half, and the most important change that has happened is that there really is unity. For the first time, we really are working together. Despite political differences. Mark and I have worked very hard to repair that. I'm really happy to be here in support of him, because I recognize that when you work together, politics becomes secondary and you really have time to focus on government, which is the most important thing." - Jersey City Mayor Steven Fulop

- PolitickerNJ.com

Poll

Was Frank X. Graves of Paterson New Jersey's best mayor?:

Resources

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