New Jersey

Chris Christie Tries to Strike Deal to End New Jersey Tax Stalemate

Gov. Chris Christie is offering New Jersey's Senate president a counteroffer to fund transportation projects.

Spokesmen for Christie and Democrat Steve Sweeney tell the Republican responded on Thursday afternoon and Sweeney is reviewing it. Neither side is offering details about what tax cuts would accompany an additional 23-cent-a-gallon increase in the state's gasoline tax.

Earlier this month, Sweeney slammed the brakes on a late-night deal brokered between Christie and Democratic Assembly Speaker Vincent Prieto to gradually return the sales tax from seven to six percent.

The Senate wanted to eliminate the estate tax, raise the retirement and pension income tax exemption, increase a tax credit for the working poor, and create a tax credit for charitable donations.

Christie has halted all "nonessential" construction projects during the impasse.

Copyright AP - Associated Press
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