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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Latest News

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By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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CONTINUE READING

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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By Eric Strauss
February 26, 2015 04:21 PM

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advertisement

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Latest News

Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

Roselle Savings Bank names new EVP, COO

By Eric Strauss
February 26, 2015 03:30 PM

CONTINUE READING

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Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

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CONTINUE READING

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CONTINUE READING

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CONTINUE READING

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By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

advertisement

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Latest News

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February 26, 2015 04:21 PM

CONTINUE READING

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CONTINUE READING

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By Emily Bader
February 26, 2015 04:28 PM

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CONTINUE READING

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By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

advertisement

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

Share This Story On:

Senate moves forward with EITC increase

By

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Latest News

Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

Roselle Savings Bank names new EVP, COO

By Eric Strauss
February 26, 2015 03:30 PM

CONTINUE READING

advertisement

Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

New York REIT purchases Matawan apartment complex for $31M

By Emily Bader
February 26, 2015 11:13 AM

CONTINUE READING

Colliers arranges $5.8M sale of two-building portfolio in Lebanon

By Emily Bader
February 26, 2015 10:59 AM

CONTINUE READING

JLL inks two deals at Class A office building in Morristown

By Emily Bader
February 26, 2015 12:52 PM

CONTINUE READING

Hampshire sells South Hackensack industrial warehouse to Park Ave. Motor Corp.

By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

advertisement

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

Share This Story On:

Senate moves forward with EITC increase

By

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Latest News

Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

Roselle Savings Bank names new EVP, COO

By Eric Strauss
February 26, 2015 03:30 PM

CONTINUE READING

advertisement

Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

New York REIT purchases Matawan apartment complex for $31M

By Emily Bader
February 26, 2015 11:13 AM

CONTINUE READING

Colliers arranges $5.8M sale of two-building portfolio in Lebanon

By Emily Bader
February 26, 2015 10:59 AM

CONTINUE READING

JLL inks two deals at Class A office building in Morristown

By Emily Bader
February 26, 2015 12:52 PM

CONTINUE READING

Hampshire sells South Hackensack industrial warehouse to Park Ave. Motor Corp.

By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

advertisement

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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February 26, 2015 04:21 PM

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CONTINUE READING

advertisement

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Monmouth REIT pays $30.6M for Florida building

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February 26, 2015 04:21 PM

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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February 26, 2015 04:21 PM

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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CONTINUE READING

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By Emily Bader
February 26, 2015 04:28 PM

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February 26, 2015 10:59 AM

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February 26, 2015 01:09 PM

CONTINUE READING

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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By Eric Strauss
February 26, 2015 03:30 PM

CONTINUE READING

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Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

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By Emily Bader
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CONTINUE READING

Colliers arranges $5.8M sale of two-building portfolio in Lebanon

By Emily Bader
February 26, 2015 10:59 AM

CONTINUE READING

JLL inks two deals at Class A office building in Morristown

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February 26, 2015 12:52 PM

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By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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February 26, 2015 03:30 PM

CONTINUE READING

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Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

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By Emily Bader
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CONTINUE READING

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CONTINUE READING

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By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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CONTINUE READING

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Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

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CONTINUE READING

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February 26, 2015 10:59 AM

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By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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By Eric Strauss
February 26, 2015 03:30 PM

CONTINUE READING

advertisement

Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

New York REIT purchases Matawan apartment complex for $31M

By Emily Bader
February 26, 2015 11:13 AM

CONTINUE READING

Colliers arranges $5.8M sale of two-building portfolio in Lebanon

By Emily Bader
February 26, 2015 10:59 AM

CONTINUE READING

JLL inks two deals at Class A office building in Morristown

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February 26, 2015 12:52 PM

CONTINUE READING

Hampshire sells South Hackensack industrial warehouse to Park Ave. Motor Corp.

By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Latest News

Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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By Eric Strauss
February 26, 2015 03:30 PM

CONTINUE READING

advertisement

Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

New York REIT purchases Matawan apartment complex for $31M

By Emily Bader
February 26, 2015 11:13 AM

CONTINUE READING

Colliers arranges $5.8M sale of two-building portfolio in Lebanon

By Emily Bader
February 26, 2015 10:59 AM

CONTINUE READING

JLL inks two deals at Class A office building in Morristown

By Emily Bader
February 26, 2015 12:52 PM

CONTINUE READING

Hampshire sells South Hackensack industrial warehouse to Park Ave. Motor Corp.

By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Latest News

Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

Roselle Savings Bank names new EVP, COO

By Eric Strauss
February 26, 2015 03:30 PM

CONTINUE READING

advertisement

Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

New York REIT purchases Matawan apartment complex for $31M

By Emily Bader
February 26, 2015 11:13 AM

CONTINUE READING

Colliers arranges $5.8M sale of two-building portfolio in Lebanon

By Emily Bader
February 26, 2015 10:59 AM

CONTINUE READING

JLL inks two deals at Class A office building in Morristown

By Emily Bader
February 26, 2015 12:52 PM

CONTINUE READING

Hampshire sells South Hackensack industrial warehouse to Park Ave. Motor Corp.

By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

advertisement

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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CONTINUE READING

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February 26, 2015 04:28 PM

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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February 26, 2015 04:21 PM

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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February 26, 2015 04:28 PM

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CONTINUE READING

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February 26, 2015 10:59 AM

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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By Eric Strauss
February 26, 2015 04:21 PM

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CONTINUE READING

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Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

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By Emily Bader
February 26, 2015 11:13 AM

CONTINUE READING

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February 26, 2015 10:59 AM

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Latest News

Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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By Eric Strauss
February 26, 2015 03:30 PM

CONTINUE READING

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Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

New York REIT purchases Matawan apartment complex for $31M

By Emily Bader
February 26, 2015 11:13 AM

CONTINUE READING

Colliers arranges $5.8M sale of two-building portfolio in Lebanon

By Emily Bader
February 26, 2015 10:59 AM

CONTINUE READING

JLL inks two deals at Class A office building in Morristown

By Emily Bader
February 26, 2015 12:52 PM

CONTINUE READING

Hampshire sells South Hackensack industrial warehouse to Park Ave. Motor Corp.

By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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February 26, 2015 03:30 PM

CONTINUE READING

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Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

New York REIT purchases Matawan apartment complex for $31M

By Emily Bader
February 26, 2015 11:13 AM

CONTINUE READING

Colliers arranges $5.8M sale of two-building portfolio in Lebanon

By Emily Bader
February 26, 2015 10:59 AM

CONTINUE READING

JLL inks two deals at Class A office building in Morristown

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February 26, 2015 12:52 PM

CONTINUE READING

Hampshire sells South Hackensack industrial warehouse to Park Ave. Motor Corp.

By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Latest News

Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

Roselle Savings Bank names new EVP, COO

By Eric Strauss
February 26, 2015 03:30 PM

CONTINUE READING

advertisement

Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

New York REIT purchases Matawan apartment complex for $31M

By Emily Bader
February 26, 2015 11:13 AM

CONTINUE READING

Colliers arranges $5.8M sale of two-building portfolio in Lebanon

By Emily Bader
February 26, 2015 10:59 AM

CONTINUE READING

JLL inks two deals at Class A office building in Morristown

By Emily Bader
February 26, 2015 12:52 PM

CONTINUE READING

Hampshire sells South Hackensack industrial warehouse to Park Ave. Motor Corp.

By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

advertisement

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Latest News

Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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By Eric Strauss
February 26, 2015 03:30 PM

CONTINUE READING

advertisement

Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

New York REIT purchases Matawan apartment complex for $31M

By Emily Bader
February 26, 2015 11:13 AM

CONTINUE READING

Colliers arranges $5.8M sale of two-building portfolio in Lebanon

By Emily Bader
February 26, 2015 10:59 AM

CONTINUE READING

JLL inks two deals at Class A office building in Morristown

By Emily Bader
February 26, 2015 12:52 PM

CONTINUE READING

Hampshire sells South Hackensack industrial warehouse to Park Ave. Motor Corp.

By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

advertisement

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Latest News

Monmouth REIT pays $30.6M for Florida building

By Eric Strauss
February 26, 2015 04:21 PM

CONTINUE READING

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By Eric Strauss
February 26, 2015 03:30 PM

CONTINUE READING

advertisement

Larken Associates acquires Pa. apartment community, expands Lehigh Valley portfolio

By Emily Bader
February 26, 2015 04:28 PM

CONTINUE READING

New York REIT purchases Matawan apartment complex for $31M

By Emily Bader
February 26, 2015 11:13 AM

CONTINUE READING

Colliers arranges $5.8M sale of two-building portfolio in Lebanon

By Emily Bader
February 26, 2015 10:59 AM

CONTINUE READING

JLL inks two deals at Class A office building in Morristown

By Emily Bader
February 26, 2015 12:52 PM

CONTINUE READING

Hampshire sells South Hackensack industrial warehouse to Park Ave. Motor Corp.

By Emily Bader
February 26, 2015 01:09 PM

CONTINUE READING

advertisement

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

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Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 

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Senate moves forward with EITC increase

By

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

Though Democrats have shown little interest in Gov. Christie’s phased-in minimum wage increase, at least one part of the governor’s conditional veto proposal is moving forward.

The Senate Thursday approved a Democrat-sponsored bill to restore the state’s earned income tax credit to 25 percent of the federal credit amount. Christie trimmed the EITC to 20 percent in the Fiscal Year 2011 budget, but he proposed restoring it to 25 percent when he conditionally vetoed the Assembly’s minimum wage bill last month.

In a statement, Sen. Jim Whelan (D-Northfield), one of the bill’s sponsors, said increasing the EITC makes good economic sense.

“By restoring the EITC to its full level in New Jersey, we can help working families to reduce their tax liability and provide them with extra income,” said Whelan. “In turn, they will spend that income, putting money back into our economy and strengthening our economic income.”

Of course, Christie’s EITC proposal was just one part of a package. He also wanted the Legislature to agree to phase the minimum wage increase in over three years and drop the idea of linking it to the Consumer Price Index. Business groups largely approved of Christie’s compromise proposal, but it’s been a non-starter with Assembly Speaker Sheila Y. Oliver (D-East Orange) and Senate President Stephen M. Sweeney (D-West Deptford). Sweeney is now moving forward with his plan to put the minimum wage increase, with a CPI link, on November’s ballot. A poll from October suggested the measure is popular with voters.

The EITC restoration passed the Senate with broad bipartisan support Thursday, 27-1. The vote to put minimum wage on the ballot, however, passed 22-15.

 


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