TRENTON, N.J. (AP) — A top economic adviser to Gov. Chris Christie says New Jersey can afford tax cuts as state revenue is increasing.
New Jersey Council of Economic Advisers chairman Robert Grady on Wednesday told a state forum on the economy that it’s time for an income tax cut like the one Christie pushed for last year.
Grady says a 10 percent income-tax cut would help businesses hire more workers, keep employers from leaving the state and attract some to New Jersey.
In 2012, a proposal to cut taxes died after lawmakers said there wasn’t enough revenue to afford it.