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Christie Revives Call for 10 Percent New Jersey Tax Cut

New Jersey Governor Chris Christie, a first-term Republican seeking re-election, revived his proposal for a 10 percent tax cut that Democratic lawmakers had blocked when revenue fell short of his expectations.

Homeowners earning $400,000 or less would get an income-tax credit equal to 10 percent of their property taxes, capped at $10,000 and phased in over four years. The governor made his proposal a condition of his increasing a separate tax credit for low and middle-income workers.