Democrats fail to override Christie’s jobs bills veto

Today’s planned override of N.J. Gov. Chris Christie’s jobs bills veto was a failed attempt. Democratic legislators failed to get the necessary support from three Senate Republicans and seven Assembly Republicans.

 

However, as the Associated Press reports, the legislature approved two bills included in the original package and Christie’s budget. Christie vetoed several jobs-creating bills last month, then introduced similar ones as part of his budget proposal.

The new bills make corporate tax laws more favorable to businesses and change the tax code to allow businesses to carry forward some net losses for 20 years.