Corzine Considers Tax Increases To Solve New Jersey’s Financial Crisis
Enlighten-NewJersey - Report: New Jersey Is A Financial Basket Case
“The fiscal health of the state of New Jersey has plunged perilously close to ruin”, begins a “politically explosive” report from Corzine's “budget and re-engineering government” policy group. The Press of Atlantic City obtained a copy of the report Wednesday.
The report portrays a grim picture of state finances, estimating the accumulation of $30 billion in debt and another $30 billion in unfunded liabilities to retirement and health care programs. The group warns that without changes the problem will get worse as the state continues to spend more money than it takes in. “
The Corzine agenda was clear from the beginning of his campaign for governor – raise taxes. Corzine ran on an “affordability” platform which amounts to taking money from taxpayers to give to his tax receiving supporters.
It’s not possible to tax people or the state into prosperity. Many have tired, all have failed. And if you need an example, just remember New Jersey.
Dynamobuzz - That Didn’t Take Long:
Jon Corzine inaugurated as New Jersey governor: January 17, 2006. Plans to increase taxes on the already over-taxed New Jersey residents: January 26, 2006.
A Blog For All - You Were Warned:
One must keep in mind that the primary reason that New Jersey is in the current mess is that the state spent its way into massive debt. It was not for a lack of revenues - as New Jersey had seen revenues come in ahead of projections due to an improving economy. Trenton simply went nuts with spending on programs without a care as to how any of it would be paid.
New Jersey Government: New Jersey Taxes
“The fiscal health of the state of New Jersey has plunged perilously close to ruin”, begins a “politically explosive” report from Corzine's “budget and re-engineering government” policy group. The Press of Atlantic City obtained a copy of the report Wednesday.
The report portrays a grim picture of state finances, estimating the accumulation of $30 billion in debt and another $30 billion in unfunded liabilities to retirement and health care programs. The group warns that without changes the problem will get worse as the state continues to spend more money than it takes in. “
The Corzine agenda was clear from the beginning of his campaign for governor – raise taxes. Corzine ran on an “affordability” platform which amounts to taking money from taxpayers to give to his tax receiving supporters.
It’s not possible to tax people or the state into prosperity. Many have tired, all have failed. And if you need an example, just remember New Jersey.
Dynamobuzz - That Didn’t Take Long:
Jon Corzine inaugurated as New Jersey governor: January 17, 2006. Plans to increase taxes on the already over-taxed New Jersey residents: January 26, 2006.
A Blog For All - You Were Warned:
One must keep in mind that the primary reason that New Jersey is in the current mess is that the state spent its way into massive debt. It was not for a lack of revenues - as New Jersey had seen revenues come in ahead of projections due to an improving economy. Trenton simply went nuts with spending on programs without a care as to how any of it would be paid.
New Jersey Government: New Jersey Taxes
