TRENTON – An effort led by Assembly Democrats to overturn Gov. Chris Christie’s veto of a bill that would create a new homebuyer tax credit program failed this afternoon.
While 42 Assembly members voted in favor of the measure, 32 voted against it. A two-thirds majority is necessary to overturn a veto by the governor. The bill originally had bi-partisan support, passing 67-8-2 in the Assembly in May.
Assemblyman Albert Coutinho (D-Essex), chairman of the Assembly Commerce and Economic Growth committee, said that the failure to overturn the veto was an “insult to middle class families struggling to stay afloat.”
When Christie vetoed the bill in July, he wrote that the program would “only briefly and artificially inflate home sales and consequently does not merit a $100 million revenue loss to the general fund.”
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