Even if property taxes don’t immediately drop, Gov. Chris Christie said Monday he wants to cut income taxes within the next “year or two” — sooner than he promised on the campaign trail. Taxing the rich at a rate three times higher than neighboring states is stifling growth and needs to be dealt with soon, Christie said Monday in a radio interview.
“I’m less sanguine about the property tax decrease in the short term than I am about the fact that they will see during my first term an income tax decrease,” he said on Bloomberg radio. “We have to do that in order to make New Jersey more competitive with our neighbors. … And I’m hoping to be able to do that in the next year or two.”
New Jersey’s progressive income tax system charges high-earners nearly 9 percent on some of their earnings. That’s nearly three times higher than in Pennsylvania, which taxes everyone at a flat rate of about 3 percent. Read more at Star Ledger.
TALK IS CHEAP, ILL BELIEVE IT WHEN I SEE IT, IN MY PAYCHECK OF COURSE!
Marks 47 – I’m sure your one of the high earners in the state that would benefit !!! Ur right I guess talk or commenting is cheap
listen at least he has talk, corzine couldnt even talk about cutting income tax
HIGH EARNER AT THE STATE….HARDLY, BUT ILL LIKE TO SEE MORE IN MY CHECK….WOULDN’T YOU?
I which he will do it today I might be able to pay my bills