Money

Liberal Groups Call For Restoration Of NJ EITC

NEWARK– As Americans file their income tax returns, New Jersey Citizen Action (NJCA) held a press conference today at its Free Tax Preparation Center in Newark to demand that the state Legislature and Gov. Chris Christie restore New Jersey’s Earned Income Tax Credit (EITC) for working families.

Tax Protest Planned

ELIZABETH — General Electric made $14.2 billion in profit, yet calculated a 2010 corporate tax bill that added up to less than zero. Instead of paying taxes, the company will receive a $3.2 billion gift from the taxpayers.