In vetoing A-10, the Governor stated that he would not repeat the failed, irresponsible and unsustainable fiscal policies of the past by raising taxes on the highest taxed people in the nation. Further, the Governor pointed to New Jersey's poor economic condition and cited the negative impact an additional tax increase would have on the State's economic recovery and job creation efforts. The veto of A-10 rejects the adoption of the 116th tax increase on New Jerseyans in the last 8 years.
In vetoing A-20, the Governor cited concerns about the bill's constitutionality, action already taken by his administration to restore funding for the PAAD and Senior Gold programs, as well as the imprudence of restoring additional spending commitments in the current fiscal and economic climate.
Full text of the two veto messages can be found attached to this release.
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