Christie Calls for 10% Income-Tax Cut for N.J.

New Jersey Governor Chris Christie proposed reducing income-tax rates for every state resident by 10 percent to provide relief from the “burden that has strangled our families and forced many to move away.”

“Today, because we have put our fiscal house in order, we can budget for our priorities and give tax relief to all of our people,” Christie, a first-term Republican, said during his State of the State speech. “Tax relief that will lead to better lives for our citizens and more jobs for our state.”

Christie, 49, didn’t say how he would pay for the tax cut. The governor said the budget he submits next month “will be truly balanced,” and that the state needs to continue to “hold the line on spending.”