At a recent town hall, Gov. Christie had to defend his decision to shirk pension payments, strangle school aid, and keep property tax relief cut in half for this year’s budget.
His defense: “Where’s the money?!”
It’s incredible. Over the last five years Gov. Christie has given away billions to the state’s wealthiest residents and most profitable, politically connected corporations. After throwing public dollars away through these tax cuts for the wealthy, Chris Christie is now pleading poverty.
Chris Christie knows exactly where the money is. $1 billion a year in tax cuts for people making over $400,000 per year. $2.6 billion in corporate tax cuts, including a new corporate loophole for big, multinational corporations. And a staggering $5.4 billion in corporate subsidies to Wall Street titans like J.P. Morgan and Citibank or polluters like Lockheed Martin and Honeywell.
Worse yet, the money Christie gave away has to be made up somewhere else. Whether it’s the school teacher whose retirement has been threatened by Governor Christie’s broken pension promises, the middle-class family whose property tax credit was cut in half, or the struggling laundry worker grappling with higher bus fares for her daily commute, we’re all paying more and getting less in Chris Christie’s New Jersey.
This year’s budget, like Chris Christie’s past budgets, is fundamentally out of balance. It rewards the wealthy and shifts the burden on to working people. Chris Christie knows it, but he’s betting you don’t.