Much has been made about income taxes and income tax cuts – not just by Republicans, who base their entire economic plan on less taxes (which of course will usually vastly benefit their base by every conceivable metric), but also by Democrats lately as a way to provide stimulus or help in a time of need. And right here in New Jersey, Governor Christie’s plan to cut income taxes by 10% across the board is very short on details about how the potential $1 billion+ deficit would be paid for.
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