Pennacchio on Today’s Earned Income Tax Credit Vote

Senator Joe Pennacchio (R-Morris) stated the following about today’s Senate Budget & Appropriations Committee vote on New Jersey’s Earned Income Tax Credit (EITC) program:

“Today’s committee vote to reinstate the EITC this year was political smoke and mirrors, considering the state does not have the roughly $60 million necessary to fund this program.

“Instead of wasting time, trying to score political points, legislative Democrats should compromise to responsibly increase the state’s minimum wage and EITC. (more…)