Christie Cuts $1 Billion of Tax Increases From Budget
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Governor Chris Christie cut more than $1 billion in spending and vetoed Democratic tax increases on New Jersey millionaires and corporations before signing a $32.5 billion budget for the fiscal year that starts tomorrow.
The second-term Republican removed a higher pension payment and money for women’s health care from the $34.1 billion plan sent to him last week by the Democratic-controlled legislature. He also rejected tax surcharges meant to pay for them.