The Truth-O-Meter Says:
Buono

Says Gov. Chris Christie has embarked on a tour to "demand that New Jersey’s Democratic legislature approve an immediate tax cut that would disproportionately benefit the wealthiest."

Barbara Buono on Monday, August 27th, 2012 in an op-ed in Politico

Barbara Buono says Chris Christie embarked on a tour to demand the state Legislature approve a tax cut that disproportionately benefits the wealthiest people

Even before Gov. Chris Christie stepped on stage Tuesday night to deliver his keynote address at the Republican National Convention, New Jersey Democrats were criticizing the governor for exaggerating his success as the state’s chief executive.

Barbara Buono, a Senate Democrat from Middlesex County who has said she is "seriously considering" a 2013 bid for governor, took aim at Christie in an opinion column published in Politico late Monday night for making "wildly optimistic" revenue projections to prove New Jersey can afford a tax cut.

"Being honest about the numbers would undermine the ‘Endless Summer’ tour that Christie has embarked on to demand that New Jersey’s Democratic legislature approve an immediate tax cut that would disproportionately benefit the wealthiest – regardless of whether the state can afford it," Buono wrote.

Here, however, it’s Buono that’s not being forthright.  

Although Christie initially proposed in January to cut income taxes 10 percent across-the-board over three years, he backed off that proposal before the start of his "Endless Summer" tour.

Christie now supports a plan based on a proposal from the Senate Democrats that would provide homeowners with an income tax credit based on their property tax bills.

Under the governor’s original plan higher income filers, who pay more in income taxes, would have benefited more than lower income filers.

But under the plan Christie now supports -- the plan he signed onto before kicking off his tour of New Jersey to blast Democrats for not approving a tax cut -- that’s not the case since some wealthy individuals would not even qualify for a tax cut.

On July 2, Christie conditionally vetoed a bill increasing the state’s top income tax rate on millionaires to enhance property tax relief payments for certain residents.

Christie suggested turning that legislation into a tax cut plan based on a proposal the Senate Democrats released earlier in the year.

Under Christie's new proposal, homeowners who earn $400,000 or less in taxable income would receive an income tax credit based on their property tax bill.

The credit would be phased in over four years, reaching 10 percent of the first $10,000 homeowners pay in property taxes. The maximum credit under the plan would be $1,000.

To support the state senator’s claim, Christina Zuk, Buono’s chief of staff, pointed to a July 26 news article that quotes Christie saying: "I'm fighting for the tax cut now because you know, businesspeople are making decisions now about whether they're going to expand next year. The Democrats say we'll get to it. We'll get to the tax cut in December or January. Well that's going to be too late for 2013. Those businesspeople are already going to be deciding where they're going to invest their money, where they're going to spend."

But Christie just says tax cut, not income tax cut. And still, he has publicly backed off his original proposal and put forth a plan based on a homeowner’s property tax burden.

It’s also worth noting that Christie’s conditional veto also recommended restoring a cut he made during his first year in office to the state’s Earned Income Tax Credit, a program which benefits lower income individuals. The conditional veto increased the state credit to 25 percent of the federal credit amount, up from 20 percent.

Our ruling

Buono said that Christie embarked on an "Endless Summer" tour to "demand that New Jersey’s Democratic legislature approve an immediate tax cut that would disproportionately benefit the wealthiest."

Christie first proposed an across-the-board income tax cut that would have benefited higher income filers more than lower income filers.

But Christie has since backed off that plan.

Before the governor kicked off his "Endless Summer" tour, he signed on to a version of the Senate Democrats’ plan to give an income tax credit based on individuals’ property tax bills.

We rate Buono’s statement False.

To comment on this ruling, go to NJ.com.

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About this statement:

Published: Sunday, September 2nd, 2012 at 7:30 a.m.

Subjects: Taxes

Sources:

Politico, Chris Christie 2012 RNC: There is no ‘New Jersey comeback’, Aug. 28, 2012

E-mail from Christina Zuk, chief of staff for state Sen. Barbara Buono, Aug. 29, 2012

PolitiFact New Jersey, Assembly Majority Leader Lou Greenwald claims money in state budget would provide tax break for all New Jerseyans, including millionaires, July 18, 2012

PolitiFact New Jersey, Stephen Sweeney claims his tax cut proposal would lower property taxes, March 15, 2012

New Jersey Governor’s Office, Conditional veto of Assembly Bill A-3201, July 2, 2012

New Jersey Governor’s Office, Governor Christie Calls Special Session To Make Case for Middle-Class Tax Cut, June 30, 2012

New Jersey Governor’s Office, Governor Chris Christie Calls on Legislature to Join Him and Immediately Act to Deliver Middle-Class Tax Relief, July 2, 2012

New Jersey Governor’s Office, Tax Relief For All New Jerseyans, Jan. 17, 2012

RealReliefNJ.net, Property Tax Relief for Middle Class New Jersey, accessed Aug. 28, 2012

PolitiFact New Jersey, Lou Greenwald claims governor’s proposed income tax cut benefits millionaires more than middle-class families, Jan. 22, 2012

The Star-Ledger, Gov. Christie offers compromise tax cut at special Legislature session, July 2, 2012

The Star-Ledger, Christie pushes Legislature to support Senate Democrats' tax plan in special session, July 2, 2012

The Star-Ledger, Gov. Christie to push for immediate tax relief effort during Shore visit, July 16, 2012

The Star-Ledger, N.J. Democrats strike tentative $180M tax cut deal contingent on Christie hitting revenue projections, June 14, 2012

The Star-Ledger, Gov. Christie slams N.J.'s tax climate, while critics blast his Jersey Shore tour, July 16, 2012

NJToday, Sen. Barbara Buono ‘Seriously Considering’ Run for Governor, March 13, 2012

New Jersey Legislature, Assembly Bill No. 3201, June 21, 2012

The Star-Ledger, Gov. Christie proposes 10 percent N.J. income tax reduction, Jan. 17, 2012

NorthJersey.com, Governor presses for income tax cut, July 26, 2012                   

 

Written by: Erin O'Neill
Researched by: Erin O'Neill
Edited by: Caryn Shinske

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