TRENTON – Senator Barbara Buono (D-Middlesex) released the following statement regarding the Governor’s pocket veto of S-668 and S-3072. S-668 would have provided New Jersey residents who save for their children’s college education through a state-administered college savings plan with a state income tax deduction for their investments. S-3072 would have promoted the establishment of partnerships between institutions of higher education and the business community to increase collaborative research and innovation:
“In these tough economic times , when middle-class families are constantly worried about how they will put food on the table let alone how they will pay for their children’s education, it is indefensible that the Governor has vetoed legislation that would have provided incentives to parents to save for their children’s college education as well as legislation that would have strengthened educational opportunities for the state’s college students, so that they may gain invaluable skills to find good, well-paying jobs.
“By providing families with a tax deduction of up to $10,000 for putting money into their children’s NJ BEST account, S-668 would have encouraged parents to save for their children’s futures. The Governor’s short-sightedness could cost New Jersey’s children and their parents the ability to pay the increasing costs of college, making our future workforce much less prepared for a global economy.
“During Governor Christie’s State of the State address, he touted the need to provide a competitive environment where businesses would choose New Jersey over other states to grow and expand their businesses and to create jobs. His actions speak louder than his words. By pocket vetoing S-3072, he has ignored an opportunity for businesses to partner with academic institutions, such as New Jersey’s colleges and universities, to drive innovation in the state. Not only would this program have helped New Jersey’s students develop skills to prepare them for careers in high-demand sectors, it would also have strengthened our workforce, making the Garden State a more attractive place to start and grow a business.
“As we move into this new legislative session, I hope that Governor Christie puts aside partisan politics, and supports legislation that would truly benefit New Jersey’s children, middle- and working-class families and businesses looking to create jobs that are actually in demand and increase economic security.”
Long Branch, N.J. – Congressman Frank Pallone, Jr. Monday will speak with Rutgers students during a roundtable discussion regarding their concerns about federal support for improving college affordability and the ongoing threat the Republican majority poses to funding federal Pell Grant loans. New Jersey students are concerned about college debt and the availability of federal Pell Grants, which for many, are the only way they are able to attend college.
During the recent debate to raise the debt ceiling in July, Republicans offered Pell Grant cuts as a way to cut the budget. These cuts were averted but as the Super Committee convenes to discuss budget cuts, Pell Grant funding may again be on the table.
WHO: Congressman Pallone will host a roundtable discussion soliciting input from Rutgers students and student organizations
WHEN: 11:00 a.m. Monday, September 12, 2011
WHERE: Rutgers Student Center
126 College Avenue, New Brunswick
Main Lounge (Across from Multi-Purpose Room)
>WASHINGTON – In this week’s address, President Obama said that the United States needs the best trained and best skilled workforce in the world to win the global competition for new jobs and industries. Over the next ten years, nearly half of all new jobs will require education beyond high school. This is why his administration has made education a top priority, enacting reforms like “Race to the Top,” working to make college more affordable, revitalizing community colleges, and launching a nationwide initiative to connect graduates to the businesses that need their skills.