Tuesday, May 26, 2009
New Jersey's Flat Tax Debate - WSJ.com: "Both GOP candidates agree that the 103 tax increases, including income and sales tax rate hikes, under current Governor Jon Corzine and his predecessor, the disgraced Jim McGreevey, have done great harm to their state. From 2001 to 2008, New Jersey lost a net 25,000 private-sector jobs even as public employment grew by 65,000 workers. The state's finances are such a mess that in late 2007 Governor Corzine proposed the political 'Hail Mary' of mortgaging New Jersey's toll roads in return for a guaranteed revenue stream. He lost, thanks to opposition led by Mr. Lonegan."
Posted by peculiarwit at 9:53 AM