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Bad Credit Credit Creditres Gov. James E. McGreevey insisted Wednesday that his proposal to tax manufacturers of petroleum products will not cost drivers more at the gas pump.

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Bad Consolidation Credit Debt "It's not a stealth gas tax," McGreevey said, in his first press conference with reporters since delivering his budget address Tuesday. "The focus is on polluters."

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Bad Company Credit Repair With new information revealed, the total in new fees and taxes in McGreevey's proposed budget grew to $741 million.

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Bad Card Credit Credit The plan taxes smokers, hospital patients who don't stay overnight, new-car buyers, home sellers, industrial companies, cell-phone users, motorists with driving infractions and tire sales.

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Bad Car Credit Loan It also raises $275 million by delaying a planned tax write-off for businesses and $54 million by delaying a scheduled reduction in utility taxes.

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Bad Credit Loan Mortgage The proposal raising the most questions, however, is a $150 million "petrochemical environmental impact fee."

Auto Bad Credit Loan McGreevey said it would target all producers of petrochemicals, including makers of plastics, industrial vaselines and gasoline.

Bad Credit Mortgage Refinance Exact details won't be available for two to three weeks, McGreevey said.

Bad Credit Refinance This plan is raising concerns for legislators on both sides of the aisle.

Bad Credit Mortgage Second "If it can be passed on to the consumers, I have a problem," said Assemblyman Jeff Van Drew, D-Cape May, Atlantic, Cumberland. "It seems nobody has the finger on the pulse of this. Nobody has a definitive precise answer for me."

Bad Credit Loan Student Assemblyman Joe Roberts, D-Camden, said money from any state-initiated rise in gas prices must go directly to transportation.

Bad Card Credit "There's no chance this (fee) will become a reality without an iron-clad guarantee that it will not be passed on to consumers," Roberts said.

Bad Credit Financing A few months back, the McGreevey administration flirted with the idea of a gas tax to replenish the state's transportation fund, but the proposal ultimately died in the face of intense political pressure.

Bad Credit Home Loan Mortgage The $26.2 billion budget introduced Tuesday raises funding for school aid by 3 percent and municipal aid by 2 percent, the highest increase since McGreevey took office.

Bad Credit Loan People Those direct aid figures - added to an increase in funding for the senior property-tax-freeze program and level funding for the property-tax rebate program - means half the budget is targeted at lowering property taxes, the administration says.

Bad Card Credit Credit People The budget raises spending 9 percent overall and includes more money for the State Police, long-term care, child protection, cancer screenings, stem-cell research and free community college tuition for high school students in the top 20 percent of their class.

Bad Credit Guaranteed Loan Republicans have not criticized any of those initiatives, but they have attacked the method used to fund them.

Bad Credit Refinancing After lambasting Gov. Christie Whitman for years for borrowing the state into debt, McGreevey's budget is balanced largely by a $1.5 billion bond, spread out over 20 years, that leverages future tax increases on cigarettes.

Bad Credit Equity Home Loan McGreevey was questioned repeatedly about whether he had abandoned his promise not to spend money the state does not have.

Bad Credit Loan Payday But he insisted there is a "profound distinction" between his decision to borrow against a dedicated revenue source and Whitman's plan to borrow "in the abstract."

Bad Credit Repair "For me, this budget reflects my values and reflects why I wanted to become a governor," McGreevey said. "These are investments in improving the quality of life in New Jersey."

Bad Credit Home Loan Uk The budget includes no increase in the income and sales tax, although there is support among some members of the Legislature for increasing the income tax on millionaires and using the money for property tax relief.

2nd Bad Credit Mortgage McGreevey said he opposes such a tax, but stopped short of vowing to veto it if it reaches his desk.

Bad Credit Loan Unsecured By Pete Mcaleer
The Press of Atlantic City - 2/26/2004

Topic: NJ Legislature & Politics

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