Assembly fails to override Christie's veto of 'millionare's tax'

The Democrat-controlled Assembly fell seven votes short today in an attempt to override Gov. Chris Christie's (R-N.J.) veto of the "millionaire's tax."

Seven Assembly Republicans were needed to join the Democrats for the override to advance to the Senate. No Republicans voted in favor of the override.

Last month, Christie vetoed the "millionaire's tax," which would have increased income taxes by about 2 percent for those who make more than $1 million a year.

It would have raised about $600 million by increasing income taxes on 16,000 of the highest wage earners in the Garden State.

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