Tuesday, April 26, 2011

TAX INCREASES IN THE GOVERNOR’S BUDGET

Republicans raised plenty of taxes last year, including income taxes – but only on the working poor... This is not criticism, just pointing out the facts. As for double-standards, I present for your viewing pleasure the Republican tax increases of 2010.


- Increasing property taxes through $1 billion in school aid cuts and $445 million in municipal aid cuts. Helped spark 4.1 percent property tax hike.

- Increasing college tuition through higher education cuts – Total cuts $171 million

- Eliminating Homestead Rebates in Calendar Year 2010; Reducing homeowner rebates in Calendar Year 2011; eliminating tenant rebates -- $848 million.

- Increasing income taxes on the working poor - $45 million.

- Raising “cap” on hospital assessment -- $38.7 million.

- Raising “cap” on ambulatory care facility assessment -- $6.5 million.

- Increasing NJ Transit fares by 25 percent.

- Increasing co-payment for early intervention services -- $12 million.

- Reducing kinship care grants -- $1.8 million.

- Increasing the number of recipients that will have co-payment for “Abbott wrap around” (afterschool/summer programs) -- $5.3 million.

- Increasing premiums for adults in FamilyCare -- $1.2 million.

- Freezing Senior Freeze (no new applicants and no increase for current applicants)-$27.8 million

- Reducing High Tech Tax Credits -- $30 million

- Reducing Film Production Tax Credits -- $15 million

- Increasing Insurance Special Purpose Assessment -- $20 million

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