Gov. Christie releases reform package

Gov. Chris Christie (R-N.J.) introduced a reform package today in Trenton that he says will cut spending and keep property taxes at their current level.

On the same day that the governor unveiled the package, state Democratic leaders proposed legislation to increase the tax on millionaires. Democrats say the legislation will ease the burden for the less wealthy.

Christie's reform package has 33 bills in all, each aimed, he says, at reducing the cost of government. Under the bills, tax increases would be capped at 2.5 percent and higher increases would have to be voted on. Public workers would also be required to contribute more to their benefits.

State Democrats say the legislation has been introduced without any notice in the midst of budget hearings. They say taxing people who earn more than $1 million a year would help property tax rebates and prescription drug programs for seniors. Gov. Christie says he will veto whatever legislation Democrats send him.

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