Workers in New Jersey will see a slight reduction in taxes taken out of their paychecks next year thanks to a Democratic bill signed — and now touted — by Republican Gov. Christie.
“This isn’t a temporary cut, this is a permanent cut,” Christie said on conservative commentator Sean Hannity’s radio program today.
Christie went on to refer to “liberals” who are committed to taxation, but he didn’t mention that the bill that led to the cut was introduced by Democrats with full Democratic backing over “no” votes from 34 Republicans in the Legislature.
The new law is designed to only tax what is needed for the state disability benefits fund, allowing the Department of Labor and Workforce Development to adjust the amount each year. Since 1994, nearly $800 million in excess money for disability benefits have been collected and then diverted to the state’s general fund.