07 Фев

Christie’s proposed sales tax cut would result in a 20 cent

Subscribe today for full access on your desktop, tablet, and mobile device.Already a print edition subscriber, but don’t have a login?Activate your digital access.Manage your account settings.My AccountView the E NewspaperView your Insider deals and moreTRENTON Fill ‘er up for now.The Senate on Thursday declined to take any action on either of the proposed bills that would raise the state’s gasoline tax by 23 cents overnight, including a plan proposed by Assembly Speaker Vincent Prieto, D Hudson, and championed by Gov. Chris Christie that would couple the tax hike with a sales tax cut.But in response to «Senate inaction,» Christie on Thursday nightissued an executive order calling for all work paid for by the state’s Transportation Trust Fund the beneficiary of gasoline taxes to halt by midnight Saturday.»In order to protect the health, safety and welfare of the citizens of this State, it is necessary that the remaining amounts held by the TTF not be spent on any transportation project that is not absolutely essential cheap jerseys,» Christie said.The fund accounts for about 42 percent of the state Department of Transportation’s fiscal year 2017 budget. «Most painful will be the workers laid off because of this immediate stoppage.»After negotiations with Christie, the Assembly on early Tuesday morning passed a bill that would raise the state’s gasoline tax to 37.5 cents per gallon, seventh highest in the United States, and cut the sales tax from 7 percent to 6 percent over an 18 month period.If legislators passed and Christie signed a gasoline tax bill on Thursday,gasoline that costs $2.06 per gallon would have cost $2.29 per gallon on Friday morning, about $3 more for an average fuel tank.Christie’s proposed sales tax cut would result in a 20 cent savings on a $19.99 purchase.AS IT HAPPENED:Plan to hike gas tax includes sales tax cutBut that billhas faced criticismover its fiscal impact: Legislative estimates predict an average revenue loss of $1.4 billion over the first six years of the plan.It was championedby Christie, who spent much of the last three days promoting the bill as a «broad based tax cut https://www.supplycheapjerseys.net/,» coupled with an eight year Transportation Trust Fund that would pay for $2 billion in road projects, mass transit and bridge construction each year.»There are many Republicans who don’t think we should increase the gas tax at all.

Comey was nominated for the job in 2013, President Barack Obama praised him for his independence and deep integrity. A former Republican who served as deputy attorney general under President George W. Bush, Comey has said he no longer registered with a political party.

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