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Income tax increase on NJ millionaires passed by Senate committee, awaits decision by Christie

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nonperson Donating Member (901 posts) Send PM | Profile | Ignore Mon Jun-27-11 10:24 PM
Original message
Income tax increase on NJ millionaires passed by Senate committee, awaits decision by Christie
Source: NJ Star-Ledger

TRENTON In a vote along partisan lines, the Senate Budget Committee tonight approved a two-year income tax increase on New Jersey's 16,000 millionaires.

Democrats say the surcharge will generate more than $500 million in additional revenue that will go largely to suburban school districts. Gov. Chris Christie has vowed to veto the tax.

Earlier, the Assembly Budget Committee passed an identical bill, and budget panels in both houses advanced a $30.6 billion spending plan for the fiscal year that starts Friday.

Senate Republicans said the tax would drive capital investment out of the state and decried the move as political.

Read more: http://www.nj.com/news/index.ssf/2011/06/income_tax_inc...



Christie vetoed this same miniscule tax extension (reportedly less than 2% tax on earnings over one million dollars per year) last year and in doing so ended all property tax relief for seniors and disabled in New Jersey, which the proposed tax would have funded.

This is another example of Republicans protecting the excess of the few over the well being of the many. Tax cuts for the rich. Reduced services and tax INCREASES for the rest of us.
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Wilms Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-27-11 10:58 PM
Response to Original message
1. An average of $32,150 per person in that bracket. n/t
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nonperson Donating Member (901 posts) Send PM | Profile | Ignore Tue Jun-28-11 11:03 AM
Response to Reply #1
15. So the average tax break Christie gave millionaires is SIX TIMES HIGHER
Than the $5300 MAXIMUM EARNINGS Christie wants to impose on poor families to qualify for Medicaid!

Outrageous.

http://www.nj.com/news/index.ssf/2011/05/proposed_chris...

Gov. Christie's proposed income limits would cut Medicaid for working poor

Published: Thursday, May 19, 2011, 6:15 AM Updated: Thursday, May 19, 2011, 9:42 AM

By Susan K. Livio/Statehouse Burea

TRENTON Adults in a family of three that makes as little as $103 a week would earn too much to qualify for health care provided by Medicaid under a sharply curtailed program Gov. Chris Christie wants the federal government to approve this year, according to state officials and advocates briefed on the proposal.

...snip...

The state estimates that about 23,000 people in the coming fiscal year would be prevented from enrolling in Medicaid and New Jersey FamilyCare, a spinoff program for working poor who make slightly more than the Medicaid limits.

The Christie administration is expected to propose cutting the maximum income level of Medicaid from $24,645 to $5,317 a year for a family of three, said Ray Castro, senior analyst for New Jersey Policy Perspective, a left-leaning think tank, who was briefed by administration officials. State officials confirmed the figure.

"That is about a third of the poverty level," Castro said. "That means that an uninsured parent working full time at a minimum-wage job wouldnt be eligible. A parent who works half-time for minimum wage wouldnt even qualify.


You've been forewarned, America.
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Wilms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-28-11 07:02 PM
Response to Reply #15
17. Kick n/t
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Historic NY Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-27-11 11:11 PM
Response to Original message
2. Bet Mr. Creosote veto's it again.
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awoke_in_2003 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-28-11 12:01 AM
Response to Reply #2
5. give him...
a wafer thin mint.
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VWolf Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-28-11 11:14 AM
Response to Reply #5
16. LMAO! If only. n/t
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awoke_in_2003 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 01:10 PM
Response to Reply #16
18. It's only wafer thin...
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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-27-11 11:27 PM
Response to Original message
3. No way. He will counter with a tax decrease for the rich and extra rape for the poor.
That disgusting pig needs to go the fuck away.

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CaliforniaPeggy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-27-11 11:33 PM
Response to Original message
4. Can the legislature override his expected veto?
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nonperson Donating Member (901 posts) Send PM | Profile | Ignore Tue Jun-28-11 07:20 AM
Response to Reply #4
9. The Democratic controlled Assembly and Senate couldn't override last time
And they probably can't do it this time either. New Jersey is a microcosm of the nation. Democratic majorities don't count. The majority rules only when it's a Republican majority and the minority rules when it's a Republican minority.
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kath Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 06:07 PM
Response to Reply #9
20. "The majority rules only when it's a Republican majority and the minority rules when it's a
Republican minority".

Ain't it just freakin' great the way that works (on the fed level - don't know much about NJ poliitics) - the Dems can't get a damn thing through even when they're supposedly in the majority. :grr: :grr: :mad: :mad:
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E-Z-B Donating Member (438 posts) Send PM | Profile | Ignore Tue Jun-28-11 06:58 AM
Response to Original message
6. My state income taxes increased by $400 from last year. Thanks, Governor Christie.
Glad I could help out some millionaires.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-28-11 07:16 AM
Response to Reply #6
8. It's his pleasure. No, really, it is.
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nonperson Donating Member (901 posts) Send PM | Profile | Ignore Tue Jun-28-11 07:28 AM
Response to Reply #6
10. And our highest in the nation property taxes in NJ rose 4% for 2010
Edited on Tue Jun-28-11 07:28 AM by nonperson
With draconian cuts across the board for the middle class and poor and a tax break for millionaires.

We're paying more for less while millionaires (like Christie BTW) just pay less.

Chris Christie refers to this as "shared sacrifice".

edit to include link:

http://www.northjersey.com/news/North_Jersey_property_t...
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-28-11 07:15 AM
Response to Original message
7. Christie is embarrassed by "Jersey Shore," pointing out that the cast is really from NY.
If Snookie had a brain and could remain sober, even she would would be embarrassed by Christie.

What a thug he is!
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BladesOfAiur Donating Member (53 posts) Send PM | Profile | Ignore Tue Jun-28-11 08:54 AM
Response to Original message
11. What if the Dems offer him a dump truck full of donuts?
Will that change his mind?
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nonperson Donating Member (901 posts) Send PM | Profile | Ignore Tue Jun-28-11 09:50 AM
Response to Reply #11
14. What makes you think his typical breakfast appetizer will change his mind?
Dump trucks full of donuts line the driveway at Drumthwacket.
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brooklynite Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-28-11 09:27 AM
Response to Original message
12. Don't tell me what Christie's going to do -- I want to be surprised...
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nonperson Donating Member (901 posts) Send PM | Profile | Ignore Tue Jun-28-11 09:47 AM
Response to Reply #12
13. hahaha You know you won't get any surprises out of Chris Christie
His agenda is perfectly clear and his ideas are proven failures: Voodoo-Reaganomics mixed with a creepy version of Catholic fundamentalism.

I hope the nation is watching this story unfold because it is the best indicator of how far off the coverage is on this guy. While most people call Michele Bachmann's economic policies insane Chris Christie is implementing them in plain sight right here in New Jersey yet the Republican Party and the national media fawn all over him and insist he's different.

But Chris Christie is just "W" in a fat suit.
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 01:26 PM
Response to Original message
19. this is the kind of move Obama and Dems in Congress don't seem to get--sometimes you win
political capital by making the other guy shoot down something popular.

Instead going directly to compromise, sweat the right a bit.
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Walk away Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 06:22 PM
Response to Original message
21. I won't be getting a much needed property tax refund this year for the first time=-(
I'm sure the Gruberor's millionaire friends need money more than I do!
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