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"The property tax rebate program is a scam," Mr. Lonegan replied sharply, saying it had driven up state debt.
A Wal-Mart executive blamed the end of the tax rebate program for the slowing sales trend.
*Caps eligibility for the New Jersey Saver tax rebate program to applicants with incomes of less than $200,000.
On one side is Governor Codey, along with much of the state Senate, who support cutting the state's property tax rebate program to try to make ends meet.
Mr. McGreevey would save $48 million by removing families with incomes of more than $200,000 a year from the New Jersey Saver property tax rebate program.
The tax rebate program is only the most recent example of the federal government's awarding special preferences to payers of the income tax.
Similar(43)
Like Assemblyman Lance, Senator Littell praised the budget's two multimillion-dollar tax rebate programs sought by Acting Gov. Donald T. DiFrancesco.
He also suspended until May 2011 a popular property-tax rebate program, breaking one of his own campaign promises.
He cut deeply into a property-tax rebate program and cut aid to schools by more than $800 million, prompting many districts to ask for more from their residents.
The estimated $800 million in new revenue would be used to restore recent cuts in the state's property-tax rebate programs; the state would more than double the average given each year to the elderly and to households making less than $200,000 a year.
According to public documents, another of Wright's companies, Hotwire, is headed into receivership; it was purportedly funded solely with about twenty-two million dollars' worth of bitcoin, and was also, evidently, taking advantage of an Australian tax-rebate program entitling it to cash rebates of forty-five cents on the dollar for sums spent by the company on research and development.
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