Friday, May 05, 2006

When is Corzine going to really cut jobs and programs?

According to the state Treasurer,
The state could be short as much as half a billion dollars in the coming budget year because in come and corporate taxes aren't bringing in as much money as ex pected, state Treasurer Bradley Abelow announced yesterday.
Of course by raising the corporate tax a few years ago we have driven corporations out of the state in droves along with their highly compensated executives... Oh wait we raised their taxes with the "Millionaire tax" a few years ago.

One only has to look at the quote from former acting Governor Codey to realize the mindset in Trenton among the power elite.
Senate President Richard Codey (D-Essex) called the reports "disheartening" and said that "plain and simple, we have to tighten our belts even more."
Tighten our belts even more? The proposed budget is $2 billion more than last year's budget. That's not belt tightening, that's robbing more from the tax payers of New Jersey.

States all over the country are amassing major surpluses, for example,

Hawaii $600 Million
Virginia $1 Billion
North Carolina $600 Million
Texas=$8.2 Billion
New York City=$3.3 Billion

and the list goes on and on with Arizona, and Colorodo article links all the while New Jersey is spending more than it takes in year after year. This must stop and significant cuts must be made to the state payroll and the out of control spending of the politicians in Trenton.

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