Skip to comments.Gov. Christie: We're Not Raising Taxes
Posted on 05/26/2010 5:32:20 AM PDT by Extremely Extreme Extremist
New Jersey Governor Says He Has Residents Covered Through Fiscal Year 2011 Despite $800 Million Hole
RUTHERFORD, N.J. (CBS) ―
New Jersey tax revenues have plummeted again, this time by nearly $800 million. But in a first for his fledgling administration Gov. Chris Christie is not calling for more painful cuts.
On the surface the news looked pretty grim for Garden State residents on Tuesday thanks to an unanticipated drop in tax revenues of $402 million this year and $365 million next year.
But a new budget hole of nearly $800 million is not going to give Gov. Christie a single new white hair. At least this time, the governor's message is "gotcha covered."
"We're very confident we've been able to close the additional budget gap in (fiscal year) 2010 and in (fiscal year) 2011 we're going to be able to solve that problem without any new taxes at all and without any real significant cuts," Christie said.
Skipping the "fiscalese," what happened was the budget freeze imposed by Gov. Christie when he took office generated more savings than expected, enough to cover much of the lost tax money.
"I think we're going to be fine," Christie said.
Despite Tuesday's relatively good news negotiating a new budget with the Legislature remains a problem. Christie wants to slash education spending and enact other cuts. They want new taxes, preferably another millionaire's tax.
But Christie isn't going for any new taxes. He said New Jersey taxes have already been raised an unbelievable 115 times.
"We're not raising taxes, Marcia. That's it. It's not happening," Christie said.
How do residents feel?
"I'd rather see a tax on millionaires also. It's about time we stopped paying for everyone else," said Lionel Nazco of Carlstadt.
"Taxing the millionaires sounds great. The only concern I have is the millionaires have the ability to take their money and leave," added Anton Tsamas of Hackensack.
"I don't want to see the service cuts. I want to see the millionaire's tax," said Peter Brehm of Newton.
The governor and Legislature are supposed to reach a budget agreement by the end of next month. If not, they could end up like New York, which is now nearly two months into a budget stalemate.
What to leftists do after they’ve eaten the rich?
“thanks to an unanticipated drop in tax revenues of $402 million this year and $365 million next year.”
With 10% unemployment this was unexpected? With people leaving N.J. in droves because it has the highest taxes and insurance rates in the country?
And how is next years tax revenues an unanticipated drop already?
Ignorance on display for the whole world to see.....
How do residents feel?
“I’d rather see a tax on millionaires also. It’s about time we stopped paying for everyone else,” said Lionel Nazco of Carlstadt.
“Taxing the millionaires sounds great. The only concern I have is the millionaires have the ability to take their money and leave,” added Anton Tsamas of Hackensack.
“I don’t want to see the service cuts. I want to see the millionaire’s tax,” said Peter Brehm
Starve, but they never think that far ahead. Ask the morons what part of the millionair tax they want to take up when the millionair moves out of state.....with his money and his jobs.
Is that a trick question?
Go after the middle class, of course.
They become the rich. The money is there - commerce would continue - they would reap the benefits and money.
That is what all this is about.
I’m a resident of NJ. Thanks for your condolences, but we finally have a governor who seems interested in serving the working, tax-paying citizens. I say cut spending and don’t raise taxes.
They eat the next in line. The middle class and then they eat every last one that has a couple bucks and then they eat each other.
Chris Christie is the man. He’s taking on the unions and holding the line on taxes. I could see him rising on the national scene if he keeps this up.
Well...no shite...and they are!!!
When people are incapable of "thinking" then they rely on "feeling". Kids are taught to "feel" from first grade through high school. This is the result...
That and the inability of most residents to pass Economics 101...
Pretty smart man, that Anton.
That's how New Jersey ended up right where it is.
Kids need to be taught to both think AND feel, then decide which one best serves their purpose in a particular situation. You’re oh so right about them being taught to “feel” from kindergarten on through college.
I was taught to “think it through” and see what the outcome is likely to be. Today’s kids are taught to “feel it out” and to hell with the outcome.
The teacher’s unions hold the future of NJ in their greedy hands.
It’s up to them.
Yeah, that worked out so well in New York state. /sarcasm.
Liberals show an amazing ability to filter out reality in their thinking - even reality from a neighboring state.
There are more NON teachers than teachers in NJ. As always, it is up to citizens who, in the past, had been to busy with their work and their lives to pay attention to politics until it crawled into their wallets too deeply.
It’s the Looter Mentality.
The redifine 'rich'.
Chris Christie for Director of OMB in 2012.
How weird that they could only find people who wanted to see the most productive penalized more.
This is a result of a generation of public sector hand-outs and the "I got mine" attitudes in NJ.
I've grown up here and it's a freaking liberal cesspool. Christie is the first governor in my lifetime that is talking sense to the public instead of blabbing the old lies about "helping the middle class". All that "help" was nothing more than pandering to unions for support and power consolidation in Trenton, but that's what the regular dumb-@ss voters in the cities want to hear.
NJ politicians all suck, but Christie is at least trying to right 30 years of fiscal wrongs. He may get slaughtered in the process, but at least he's trying.
Yes, that is a concern.. What to do, what to do...?
Build a giant wall. Call it, "the Berlin wall" (after Berlin, New Jersey) and don't let anybody out! Such a wall would fit in perfectly with the rapidly accelerating communist evolution of America, brought to you by idiots like New Jersey residents Tsamas, Brehm, and Nazco.
Thank God for Chris Christie. The decent humans are in charge, at least for awhile.
You, sir, are a f**king idiot.
Can we say “portly, ass-kicking 2012 dark-horse?”
Those who say they want the millionares tax......who the heck do you think are supplying the jobs? If their taxes go up, who the HECK do you think are going to pay for those raised taxes????
JOB CUTS IDIOTS!!!
They come after the middle class & then fight among each other.
Can we say portly, ass-kicking 2012 dark-horse?
You read my mind.
Mentally I have paired him up with Paul Ryan.
Christie hearts gun control and illegal aliens. No thanks.
Christie hearts gun control and illegal aliens. No thanks.
The Corzine camp called him a “shill” for the NRA - so how bad can be really be?
Largely rhetorical because I know there’s not going to be a middle class when they’re done.
Living here in NJ (as you might also, Frenchtown Dan) I hear this a lot: “people are leaving NJ because of the high taxes.” I have looked for the statistics to support this assertion, because I’d love to be able to use it in conversations.
Unfortunately, I haven’t found any support for it. NJ has the third highest taxes in the nation *overall*, if you add in our high Federal Income Tax burden. That won’t change if people move out.
The last study I found (2007, http://blog.nj.com/statattack/2007/10/are_being_taxed_out_o.html) said that NJ’s taxes are 11.6%, which is the 10th highest in the nation, not the 1st.
I’ve never read any statistics about how many New Jerseans have moved out of state either, I’m not even sure how it could be calculated. But, I do know of quite a few, especially retired folks. And I hear about it all the time on the radio.
I’m pretty certain when I retire in a few years, I won’t be a Jersey resident.
Are you taking into account ALL of the taxes we pay?
Since most of the migration out of the state is to Florida, it’s obvious that a lot of people here don’t want to retire in NJ either. But there are a number of reasons that people retire to Florida - escaping Winter one of the primary reasons, certainly.
Nah I heard that “top taxes” line on 101.5 myself, which is one of the reasons I looked it up. When I tried to tell Casey and Rossi about what I found in during a live call, they made fun of me (like they make fun of everyone who disagrees with them) and hung up.
Well, that was when I realized that they aren’t in the business of education their listeners, just amusing them. In other words, take everything you hear on the radio with a grain of salt. A lot of it is inaccurate and uttered just to get a rise out of listeners.
They wouldn’t get people angry enough to listen to them if they said, “NJ! 10th highest state taxes in the nation!”
When you read the statistics in that article, it’s pretty plain:
NJ residents pay the highest overall burden (local, state and federal).
If you take out the federal amount and only count state and local, we pay the 10th highest amount.
In other words, our total tax burden is highest because we have a lot of rich people who pay high federal income taxes.Those people will pay high federal income taxes no matter where they move, if they can find a job that pays as much as they do in NJ. We pay more overall because we are more wealthy (if you’re simply counting income).
Oops, my extremely bad. The third line in my answer above should read “THIRD highest overall burden.” Not “highest”.
Ok, I’ll buy that, there are a lot of wealthy people here, unfortunatley I’m not one of them, so retiring here is not much of an option. Probably rent out my house and move to New Hampshire. Florida is just too hot and flat for me, and way too many critters.
I don’t listen to 101.5 anymore, haven’t in a long time.
The 3 times I called them with corrections to what they had just told hundreds of thousands of people, I was on hold so long, my cell battery was going dead.
Absolutely. Let's pat him on the back and kick him in the butt to keep moving forward.