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New Jersey Democratic lawmakers advance tax hikes

Local News | Jun 25, 2014

New Jersey Democratic lawmakers advance tax hikes

TRENTON, N.J. (AP) — New Jersey’s Democrat-controlled Legislature has advanced a budget that relies on tax hikes that Gov. Chris Christie is likely to veto.

The budget committees of both the Senate and the Assembly voted late Tuesday night to send a $34.1 billion budget to the full chambers for votes expected on Thursday.

Also on Tuesday, both committees moved forward bills to increase income taxes on those earning at least $1 million and impose a higher tax on businesses.

They presented the hikes as an alternative to the Republican governor’s plans to cut contributions to the pension funds for public employees.

Republican Gov. Chris Christie has spoken against the tax hikes and Republican lawmakers said he would veto them.