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Gov. Christie Vetoes Gas Tax Bill

by Justin Udo

PHILADELPHIA (CBS) -- New Jersey Governor Chris Christie vetoed a bill aimed at raising the gas tax by 23 cents.

Christie says the proposed Transportation Trust Fund plan "does not represent tax fairness to the residents of New Jersey. Therefore, I cannot support it."

Christie says he proposed a significant plan for tax fairness, one that included a reduced sales tax and retirement income tax cuts to offset any increase in the gas tax.

"The Assembly overwhelmingly approved that plan, and the Democrat Senate responded by doing what Democrats always do on taxes: impose an immediate massive tax hike with a promise of future tax relief long after I am out of office. It is unfortunate that Speaker Prieto has now given in to this failed approach," said Christie.

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