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Christie to Revive 10% Income Tax-Cut Plan, Adviser Grady Says

Nov. 20 (Bloomberg) -- Chris Christie’s second-term economic agenda includes reviving his proposal for a 10 percent across-the board income-tax cut, said Robert Grady, chairman of the New Jersey governor’s Council of Economic Advisors.

The Republican governor, who won re-election on Nov. 5, also plans to complete the phase-in of business-tax cuts, Grady said today at an economic forum in Trenton. Christie also plans to push for an expansion of school choice, merit pay and charter schools, and for passage of the rest of a 20-bill “tool kit” aimed at helping municipalities control property-tax growth, Grady said.

“We’re at the point where the economy has stabilized enough and is healthy enough that it really is time to consider giving tax relief across the board -- not only to improve our standing, but it will help our competitiveness and actually assist in both job creation, business retention and business attraction,” Grady told the audience at Thomas Edison State College.

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To contact the reporter on this story: Elise Young in Trenton at eyoung30@bloomberg.net

To contact the editor responsible for this story: Stacie Sherman at sbabula@bloomberg.net

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