Gov. Christie vetoes 'millionaire's tax'
(AP) - New Jersey Gov. Chris Christie has vetoed ameasure to restore a higher income tax on those making more than $1million.
Christie acted Thursday evening within minutes of the bill'sfinal passage by the Legislature.
The Republican governor made good on his promise to veto any lawthat increases taxes.
Christie said he would not repeat the "failed, irresponsibleand unsustainable fiscal policies of the past by raising taxes onthe highest taxed people in the nation."
The surcharge on those making more than $1 million would haveraised the income tax from 8.9 to 10.8 percent on about 16,000residents.
The bill passed both houses of the Legislature along partylines, with Democrats in favor.