Christie: State can’t tax its way out of pension problem

Gov. Chris Christie addressed the “millionaire’s tax” at Tuesday’s town hall meeting in Freehold.

Gov. Christie holds his 131st town hall event in Freehold.

Gov. Christie holds his 131st town hall event in Freehold. (3/17/15)

FREEHOLD - Gov. Chris Christie addressed the “millionaire’s tax” at Tuesday’s town hall meeting in Freehold.

State Democrats have asked the governor to raise the tax rate on earnings over $1 million, in order to fund the public-employee pension system.

However, at the town hall, Gov. Christie explained why New Jersey’s wealthiest residents should not have to pay more in taxes.

"The only place to go is to all of you. There are more of you than there are of them,” the governor said. “The higher the taxes remain, the more millionaires are going to leave."

He also explained the problem with the pension system is not something the state can tax its way out of.

This was the governor’s 131st town hall event.

advertisement | advertise on News 12

Trending Video

Caleb 'Kai the hitchhiker' McGillvary tells News 12 1 Lawyer files motion to dismiss murder charges against viral video star
2 New Jersey Sportscast, March 27
Decision expected this afternoon on possible Westminster Choir 3 Decision expected on possible Westminster Choir College closing
LeRoy Boyd is accused of holding his girlfriend's 4 Man who allegedly held child hostage charged with kidnapping
News 12 New Jersey - Weather On The 5 New Jersey Weather Forecast

advertisement | advertise on News 12

More News

Gov. Chris Christie says state can't afford higher Christie says state can't afford higher pension contributions

Gov. Chris Christie says the state can't afford to pay the amount actuaries recommend should

Christie to host first town hall of '15 Christie to host first town hall of '15 after budget address

Gov. Chris Christie is set to host his first town hall of the year in

Christie takes his budget plans to town hall Christie takes his budget plans to town hall meeting

Gov. Chris Christie is again touting his budget plans for the upcoming fiscal year in

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE