Friday, May 14, 2010

STATE STREET SHOWDOWN NEXT WEEK

Monday, leading Democrats in both the State Senate and the General Assembly announced they would be pushing a bill that would increase the tax on the 16,000 New Jerseyans earning over $1 million a year. They say the revenue rasised could be used to restore property tax rebates for seniors and to eliminate Governor Chris Christie's proposal for increased prescription drug co-pays for seniors.

The legislation was advanced out of committees yesterday and a vote in both houses is scheduled for Thursday, May 20.

Here's the problem: Christie says he will veto the bill.

Leaving no room for interpretation, here's exactly what he said, "They (Democrats) can call it whatever they want to call it. They can package it however they want to package it. They can send it to me with a bow on it. They can send it to me in a nice box, gift-wrapped. They can throw it over the transom and leave it there and hope nobody smells it. No matter how they send it to me, it is going back. It is going back with a veto on it."

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