Assembly Democratic lawmakers on Monday questioned Gov. Chris Christie’s reasoning for vetoing the Legislature’s bipartisan job creation and economic development package, noting the governor didn’t seem to understand key business tax cuts and incentives he rejected. The governor on Friday vetoed numerous job creation and economic growth measures supported by legislators from both parties.
Assembly Speaker Sheila Y. Oliver, Assembly Majority Leader Joseph Cryan, Assembly Budget Chairman Lou Greenwald and Assembly Commerce and Economic Development Chairman Albert Coutinho said tax cuts rejected by Christie wouldn’t have cost immediate money.
All Christie had to do, they said, was his job as governor – properly budget for them in the fiscal years ahead, then watch state revenue increase through successful business activity.
“It’s disappointing the governor thinks he was backed into a corner by bipartisan bills that had one simple goal in mind – create jobs and economic development for working class residents and the businesses that employ them,” said Oliver (D-Essex/Passaic). “It’s even more disappointing that the governor’s veto of these direly needed business tax cuts seems to be based on over-the-top sound bites than reality. It was time to put the theater aside and act together to help our state, but sadly the governor wanted the opposite.”
“The governor’s reasoning raises questions as to whether the governor even read these business tax cut bills,” said Cryan (D-Union). “That’s unfortunate, most notably for businesses who have been desperately seeking these job-creating tax cuts to jump-start economic development. The governor may prefer bills that bring tax cuts to rich CEOs, but these vetoes will hurt every business in this state for years to come.”
The lawmakers noted Christie vetoed:
· A bipartisan bill (A-1676) sought by businesses to streamline the state’s corporate tax structure and make New Jersey more competitive with other states; it wouldn’t have cost the state revenue until the fiscal year beginning July 1, meaning Christie simply had to plan for it in the budget he will propose on Tuesday.
· A bipartisan small business tax reform (A-3535) that would have helped small businesses offset operating losses; it wouldn’t have cost the state revenue until the fiscal year beginning July 1, meaning Christie simply had to plan for it in the budget he will propose on Tuesday.
· A bill (A-3592) to provide tax incentives for investing in emerging technology businesses; it wouldn’t have cost the state revenue until the fiscal year beginning July 1, meaning Christie simply had to plan for it in the budget he will propose on Tuesday.
· A bipartisan bill (A-2905) to restore and expand the film production and digital media tax credit; it wouldn’t have cost the state revenue until the fiscal year beginning July 1, meaning Christie simply had to plan for it in the budget he will propose on Tuesday.
They also noted that Christie, at the very least, could have conditionally vetoed the effective dates of any job creation bill to meet any concerns.
“These bills all had one specific purpose in mind – help businesses employ and hire hard-working New Jerseyans struggling to get by,” said Greenwald (D-Camden). “The governor may prefer tax cuts for the rich, but the fact is that our businesses – especially small businesses that are the lifeblood of this state – have been shoved backwards by these vetoes. That’s especially hurtful because the governor promised businesses that he would sign the single sales factor tax change.”
“Being a leader requires more than news conferences in which you proudly commend yourself over and over again,” said Coutinho (D-Essex). “It means working together to improve our state’s economy and make the tough decisions to properly plan ahead. These job-creating bills required a little bit of planning ahead, which is I guess why the this so-called tough talking governor simply turned around and threw them in the garbage.” TLS.
So why don’t they just ask him? What we do know for sure is, that the governor’s not afraid to answer questions.
What a bunch of gibberish.
He vetoed the bills because of all the rest of the garbage these cronic-spending libs put into these bills.
Then these libs pick one bright spot of these horrendous bills, and start whining about how terrible the governor is.
And they have nothing really smart to say, except that it wouldn’t cost the state any money until……. July 1st!!!! Wow! Christie doesn’t want any more spending, PERIOD!!!
Thank you Hashem for giving us Christie who is trying to save the state from the disaster the liberals from both parties in Trenton caused in this Great State of New Jersey.
the article states it was supported by both parties but doesn`t have a single mention or quote from anyone in the Republican party!
This is a setup to make Christie look like he’s anti business, when in fact the reverse is true. I bet these bills are full of porkulus spending.
This was very simple. Christie was very up-front about the fact that he would veto ANY piece of legislation that called for spending but didn’t also specify some cut that would balance out the additional spending. All of this legislation came through with spending, and without any specified cuts. It’s funny that they claim that all he has to do is account for it in future budgets, as this is the very thing that Christie says we can no longer afford (spending money we don’t have). Number 4 is exactly right–it is a setup to try to make Christie look bad, when in fact, he is keeping his word.
they are trying to make a hype out of nothing. Christie was in the NY TIMES front page this week. He has the HIGHEST polls among anyone to run for President. Everyone trying to make him look bad is just bitter. Gov Christie for president!!!
#6 not so fast. Christie doing a good job against unions and other fiscal things. But on domestic issues he need a lot of vetting. Why he appoint a muslim radical to a judge, why he didn’t say anything about the mosque at ground zero. I’m not sure he’s not a RINO.
to 7- Why should he care about ground 0? while its an important issue, he has his hands full with all NJ corruption. Also, he has done more in 1 year then the democrats have ever done. Now we need him to come into a Lakewood B.O.E meeting……!!
#8 that’s why I agree he’s good as governor, but president is a totally different thing, I’m not sure he’s ready for that.
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