Christie vows to veto tax hikes at town hall

Gov. Chris Christie is vowing to veto a package of tax hikes being pushed by Democrats to fill New Jersey's gaping budget hole.

Christie has nixed similar increases in three of

Christie has nixed similar increases in three of the past four years.

HADDON HEIGHTS - (AP) - Gov. Chris Christie is vowing to veto a package of tax hikes being pushed by Democrats to fill New Jersey's gaping budget hole.

Speaking Wednesday in Haddon Heights at his 122nd town hall-style event, Christie said residents of the state will flee if their taxes rise any higher.

A budget proposal advanced Tuesday by Democratic lawmakers would raise taxes on residents earning at least $1 million a year and impose a higher tax on businesses.

Christie has nixed similar increases in three of the past four years.

Christie and Democrats are locked in a showdown over a budget that must be adopted by June 30.

Christie has proposed cutting planned contributions to the state's pension system to help bridge a projected $2.75 billion budget gap for the coming fiscal year.

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