"Knowledge will forever govern ignorance

 and a people who mean to be their own governors

 must arm themselves with the power which knowledge gives."

Friday, March 17, 2006

Corzine Scraps Sales Tax Increase in Favor of "Soak The Rich" Plan

Governor Jon Corzine’s plans for closing New Jersey’s budget gap are becoming clearer as we move closer to the March 21 state budget address.

In addition to the “revenue-raisers” and “cuts” Corzine had previously leaked to the press, we correctly predicted reductions in municipal aid to suburban towns, cuts in aid to surburban schools, reduction in Corzine’s proposed contribution to the state worker’s pension fund and the slashing of his campaign promised property tax rebates.

Now here comes the surprise from an article in today’s Star-Ledger. The increase in the sales tax from 6 to 7 percent appears to be off the table. It looks as though a few other people think increasing taxes matter:

Judging by interviews with some Democratic Assembly members yesterday, none of whom wished to be identified, there seems to be little appetite for a sales tax increase in the lower house.

One said flatly he would not vote for it. Another said if Corzine does recommend it, he would urge its elimination before the budget's passage in June. A third said he worried it would give Republican Tom Kean Jr. a major issue in his U.S. Senate campaign against Sen. Robert Menendez, D-N.J.
Corzine is now left with his ideas for dramatically increasing the tax on cigarettes, expanding the sales tax to services previously untaxed and a surtax on federal income taxes.

Instead of a sales tax, some legislators expressed a preference for slapping a temporary surtax on federal income taxes, an option Corzine has said is a possibility. It would mainly affect those earning $100,000 or more.
The justification for the surtax on federal income taxes is right out of the Democrat Party play book, “supporters argue it would effectively take just part of those taxpayers' federal tax cuts.” No mention of the millions taken off the federal tax rolls as a result of the “Bush tax cuts.”

Corzine continues to spin his budget plans:

"We're still looking at all the various options that are on the table. I have talked about shared sacrifice in this.”
The only people doing the sacrificing are a select group of taxpayers as a review of Corzine’s budget plans still left on the table makes clear. Assemblyman Joseph Cryan (D-Union) who also is chairman of the Democratic State Committee summed up the Democrats’ position well, “People are ready for a proposal that shows cuts and revenues that are fair to most people." The concept of being fair to everyone does not compute with the likes of Corzine and Cyran.

In other words, it’s the tyranny of the tax receivers over the taxpayers. To Corzine and Cryan that’s considered fair. We elected a socialist as Governor, did anyone expect Corzine to govern otherwise? Cue cheers from thel eft.



6 Comments:

At 4:53 PM, Blogger Ken Adams said...

Has anyone ever gone after these progressive, tax-the-rich schemes in court with an equal protection argument?

 
At 8:56 PM, Anonymous Jim - PRS said...

Ken,

The "Rich" are not a "protected class," so the equal protection argument won't work. However, the "Rich will leave the state" argument may catch someone's attention.

Seriously.

 
At 9:11 PM, Blogger Enlighten said...

Jim,
Perhaps the endangered species act?

 
At 9:42 AM, Blogger Ken Adams said...

The United States Legal System: Where Some Pigs are More Equal than Others.

 
At 11:40 AM, Blogger njgalaxie73 said...

The endangered species act! That's great! LMAO!!

I really want to make sure I read this the right way. A "temporary" surtax on Federal Income Taxes? Since when in New Jersey has a "temporary" tax, surtax or any money collecting scheme Trenton bureaucrats ever imposed remained "temporary"? Remember back in the day when Parkway Tolls were supposed to be "temporary"?

As far as Corzine goes, let the shovelling begin! Soaking the rich IS a tax hike on everyone else! I like to think that like my fellow bloggers here I am a logical thinker.

Since Jon Corzine strikes me for some weird reason as someone who used to be a hippie in his younger years I can only imagine that he listened to a lot of Bob Dylan in the 60's and therefore takes a liking to hypothetical questions. Allow me to state the following hypothetical.

If I were a rich individual with an, oh I don't know, JON CORZINE sized fortune I would realize that I will not be able to hold onto that CORZINE sized fortune if I remain in New Jersey. So naturally I would relocate to Florida, Texas or New Hampshire, who pay no state income tax.

So now who does that leave to flip the bill if I take my CORZINE sized fortune with me and my fellow logical thinkers with CORZINE sized fortunes decide to follow my lead? In a nutshell, it leaves middle class taxpayers up spit creek without a paddle!

How many rich must Corzine tax before you can call him a .....GOD I hate hippies!!!

 
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