The Case for Cutting Taxes
Michael Carroll - Connecting the Dots:
On his first day in office, Governor Corzine bemoaned the state’s anemic economic performance. Quoth Hizonor:
"To put it simply, we are growing too few jobs, losing high-paying, value-added jobs and replacing them with lower-paying service work. To meet this challenge we will embrace pro-growth and pro-business initiatives."
There, he singled out former Governor Codey, praising him for an initiative to retain Verizon in state. What induced Verizon to remain? A $64 million grant and a waiver of sales and use taxes on the expenses of expansion. Put succinctly: Verizon responded to a tax cut.
Simply put, the Governor’s speech precisely proves what the GOP has been saying all these years: envy inspired tax increases drive businesses, jobs, and high earners out of state. It’s not rocket science; it’s common sense. Just as Verizon responded to a tax cut, so will other businesses. To paraphrase a famous phrase, if you cut taxes, they will come.
Note: Michael Carroll is a Republican representing the 25th District in the New Jersey Assembly.
New Jersey Taxes
On his first day in office, Governor Corzine bemoaned the state’s anemic economic performance. Quoth Hizonor:
"To put it simply, we are growing too few jobs, losing high-paying, value-added jobs and replacing them with lower-paying service work. To meet this challenge we will embrace pro-growth and pro-business initiatives."
There, he singled out former Governor Codey, praising him for an initiative to retain Verizon in state. What induced Verizon to remain? A $64 million grant and a waiver of sales and use taxes on the expenses of expansion. Put succinctly: Verizon responded to a tax cut.
Simply put, the Governor’s speech precisely proves what the GOP has been saying all these years: envy inspired tax increases drive businesses, jobs, and high earners out of state. It’s not rocket science; it’s common sense. Just as Verizon responded to a tax cut, so will other businesses. To paraphrase a famous phrase, if you cut taxes, they will come.
Note: Michael Carroll is a Republican representing the 25th District in the New Jersey Assembly.
New Jersey Taxes
