Lawmakers to Vote on Christie's Low-Income Tax Credit Hike

New Jersey residents with low incomes could see higher tax rebates under a proposal from Gov. Chris Christie being considered by the Legislature.

The Assembly is expected to vote on the proposal Monday. That's one day before Christie is to announce his presidential campaign in northern New Jersey.

Under current law, low-wage earners can receive 20 percent of the federal earned income tax credit rebate. Christie proposes increasing the rate to 30 percent.

The liberal think tank New Jersey Policy Perspective says the change would result in an annual pay increase of almost $600.

Democrats proposed raising the rate to 25 percent this year along with a tax on millionaires but Christie vetoed the surcharge and instead called for increasing the credit.

Copyright AP - Associated Press
Contact Us