Contact Us

Will Taxes Ever Be Cut in NJ? [AUDIO]

New Jersey Republican and Democratic leaders insist they support the idea of tax cut for Garden State residents, so why isn’t it happening?

2013 Tax Refund or Tax Bill - So Now What Do you do ?
Flickr User Tax Credits

“Before we talk about a tax cut, we need to see what the state revenues will be, and we need an alternative spending plan – spending reductions – and we need to talk about that. Nobody has put pen to paper yet on what alternative spending cuts would be,” said State Senate Budget Chairman Paul Sarlo, during a Public Policy forum sponsored by the New Jersey Business and Industry Association.

He also said he would love to announce an income tax cut, but it goes back to the revenues.

“Clearly it goes back to the revenues, and I think we’re premature sitting here today to know where our current year fiscal year 14 revenues stand,” Sarlo explained.

Assembly Republican Leader Jon Bramnick has a different point of view.

“You have to do the cut, which is a few hundred million dollars, on a $33 billion budget. The governor says he will find the money, take the chance in my judgment,” Bramnick said, “I am convinced that if the governor says he can find the money, he’ll find the money.”

Assembly Speaker-elect Vinnie Prieto stressed everyone wants a tax cut, but the problem is figuring out the best way to do it.

“We have to have an open, honest dialogue about this because I think that it’s the right thing to do,” he said. “The only way we can lower taxes is by working and doing it in a bipartisan way, and we have to be honest and talk about it, but again, like in Jerry McGuire, you gotta show me the money before we can spend it.”

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.


Best of WOBM

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for WOBM Listener Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive WOBM Listener Club contests, events, coupons, presales, and much more delivered to you for FREE.