UPDATE: More Taxes Won't Cure New Jersey's Poor Fiscal Health, New Analysis Shows

Yahoo News ^ | May 22, 2006

[gusopol3]

To: State Desk

Contact: Pete Sepp or Sam Batkins, 703-683-5700, both of the National Taxpayers Union Foundation

ALEXANDRIA, Va., May 22 /U.S. Newswire/ -- Governor Jon Corzine's massive tax hike will do little to alleviate New Jersey's budget woes and attract new residents, according to a new study from the non-partisan National Taxpayers Union Foundation (NTUF). After reviewing years of data, NTUF found that despite over $3 billion in tax increases since Fiscal Year (FY) 2002, New Jersey is still sliding further into debt.

[gusopol3]

Uncertain of posting restrictions from this source. Could restraint of this kind of uncontrolled state spending be a silver lining of AMT, since state taxes are part of the AMT calculation?

[2banana]

The answer to all problems (for democrats) is to raise taxes!

[Question_Assumptions]

The sad thing is that a lot of the increased spending was done by RINOs (Kean and Whitman) as well as Democrats (Florio and McGreevey). They need to CUT SPENDING.

[gusopol3]

after all, it's the government's money!

[Personal Responsibility]

Jon Corzine's massive tax hike will do little to alleviate New Jersey's budget woes and attract new residents

If new taxes are such a selling point maybe they should toss it on some bumper stickers:

New Jersey: The Tax State
New Jersey: Paying the taxes the other 49 states won't pay!
New Jersey: Smokestacks and Taxes. Whats not to love?

[Rodm]

DUH! You think?

[Socratic]

Say it ain't so, Sigfreid!

[gusopol3]

http://www.philly.com/mld/philly/news/14645063.htm

From the Inquirer; tax revenues not meeting expectations; so this is what happens when you fail to cut taxes, as opposed to higher than expected revenue growth at federal level after Bush tax cut?

[adorno]

If new taxes are such a selling point maybe they should toss it on some bumper stickers:

Ok then, you tell me!

If higher taxes was not the main selling point from democrats to the voters, what else would they have to offer their voters? If you took away their higher taxes as a means to solve all problems, then they wouldn't have a platform to offer the voters.

As long as there are voters who continue to believe, as the democratic party does, that higher taxes will solve all problems, then the democrats will continue selling that lie to the dumb voters.

[You Dirty Rats]

Sounds like a job for ... CAPTAIN OBVIOUS!!

[gusopol3]

what's OBvious to some is OBscure to others

[austinaero]

Wasn't NJ in the news recently for Corzine's proposed "bed tax" on some of the more financially sound hospitals? It was something like a tax per hospital bed and the proceeds would go to those hospitals on the brink of insolvency.

It was a totally absurd idea.

[Doc91678]

Either the New Jerseyans voted for Corzine or there has been a big election fraud. In any case, remember the old adage. Be careful of what you wish for.

[gusopol3]

Be careful of what you wish for.

As in Corzine thinking governorship would be better springboard to presidential run than staying in Senate?

[Chode]

and the beatings will continue until moral improves!!!

[ErnBatavia]

Speaking of McGreevey...refresh me as to the allegations of corruption that were the "real" reason for him quitting (versus his 'I'm a fag' smokescreen that the media swallowed).

Is there any investigation or prosecution in the works?

[Question_Assumptions]

This is New Jersey. Are you kidding? Serious answer, I don't know but I'm not holding my breath.

[gusopol3]

lol

[Personal Responsibility]

They offer "We are not George W. Bush" to voters. Since the MSM has been selling every Bush decision as the worst thing ever, the appeal of "We are not George W. Bush" grows and grows among the disintersted or only passing interest crowd which comprise the "Independents".