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NJ’s Guadagno renews call for tax cut

Local News | Nov 22, 2013

NJ’s Guadagno renews call for tax cut

ATLANTIC CITY, N.J. (AP) — Lt. Gov. Kim Guadagno says the Republican administration is ready to fight for a tax cut for residents.

Guadagno delivered the keynote address at the League of Municipalities convention in Atlantic City on Thursday.

In her address, she said the next political fight will be over the tax cut Christie proposed a year ago and Democrats rejected.

Senate President Stephen Sweeney says revenues still aren’t strong enough to support the proposed cut.

He says the state should restore property tax rebates and fully fund public schools first.

Gov. Chris Christie proposed a 10 percent income tax cut, but Sweeney insisted the cut be targeted to property tax relief.

Democrats then decided the state could not afford even a phased-in cut.