What the Christie tax cut plans means to NJ

January 21, 2012 3:21:36 PM PST
The idea sounds simple: Cut income taxes by 10 percent for everyone. Paying for it will be less so. Gov. Chris Christie's proposal last week to implement a 10 percent across-the-board income tax cut garnered national attention at a time when many other states are raising income taxes to pay for their still bleeding budgets. But what the tax cut means for the majority of residents may not be as significant as what it means for state coffers.