Gov. Christie announces new tax cut plan

LITTLE FALLS - Gov. Chris Christie (R-N.J.) announced a plan today to cut worker payroll taxes by a staggering $190 million. Christie made the statement at a town hall meeting, after touring a Little Falls defense contractor. He will make the reduction in the Disability Insurance Tax. The administration also cut $57 million in Family Leave Insurance taxes earlier this year, and Christie says, with both taxes in effect, the average worker should see savings of about $100 per year. "Now that's not something to go and buy a new boat over," Christie said. "I understand, but what it is is the beginning of moving things in the other direction." The tax cut is scheduled to take effect Jan. 1, 2012.

advertisement | advertise on News 12

Trending Video

From left to right: New Jersey State Trooper 1 New Jersey state troopers help deliver baby on I-287
The Pascack Valley High School girls lacrosse team 2 HS lacrosse team 'adopts' 8-year-old fighting brain cancer
An Amtrak power problem in one of the 3 More headaches for LIRR riders after Amtrak power problem
Sea Cliff's Troy Ramey was voted off 'The 4 Elisa's Entertainment for 4/26
5 VIDEO: Brooklyn Botanic Garden to host annual Sakura Matsuri Festival

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

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