The Latest: Assembly, Senate panels pass transportation plan
TRENTON, N.J. (AP) — The Latest on a bipartisan plan to pay for transportation through raising the gas tax while cutting others (all times local):
The bipartisan proposal to pay for transportation in New Jersey over the next 10 years that’s fueled by a 23-cent-per-gallon increase in the gas tax has been approved by two key committees.
The Democrat-led Assembly and Senate budget committees voted on Thursday to approve the plan, which heads next to a vote on the floor of each chamber. Republican Gov. Chris Christie has said he would not sign the plan as is and has called for “tax fairness.”
In addition to raising the fuel tax, the measure cuts the estate tax, increases the threshold for the retirement income tax, adds a charitable deduction and increases a tax credit for low-income filers.
A bipartisan plan to pay for road and bridge work for the next 10 years with the help of a 23-cents-per-gallon increase in the gas tax is undergoing its first legislative test.
The Assembly and state Senate budget committees were considering the proposal, with votes expected later on Thursday.
At least 100 people packed the Senate committee room to hear debate on the proposal, which has the support of the Democratic leadership of the Legislature, some Republicans and the state’s influential business community. It also has the backing of some, but not all, labor unions.
Republican Gov. Chris Christie has said he won’t support the plan because it doesn’t represent “tax fairness” for voters.
He hasn’t outlined his own plan, but the Democrat-led Legislature has included several tax cuts aimed at winning support.