Detailed text transcripts for TV channel - MSNBC - 20120123:09:25:00
Tunnel project which you were opposed tochlt you said, look, we're broke in new jersey. now you're calling for a 10% cut in income tax to cost the state $300 million over three years. >> the tunnel project was going to cost us an additional $8 billion. we don't have the money to do it. it was a bad plan. what we see happening now is the federal government, new york and new jersey working together to come up with another plan more equitably shared by all the parties, not 70% of the cost being on new jersey. the reason we need to cut taxes, think about what i inherited. i came in. we had $13 bil...