mc_meettom_468x60


Rooney D&D Banner v.2


donovan ad
2014-Fall-Event-SJ-Ad1

ForwardNJ_728x90_03

Category: Taxes

10 Appropriate N.J. State Song Selections

By Matt Rooney | The Save Jersey Blog

New Jersey’s credit sucks as much as its tax rates, business climate and stubbornly-sluggish jobs market, Save Jerseyans, but that hasn’t stopped our legislators from wasting time debating a state song with the same obnoxiously carefree attitude that they exhibit when wasting our money, all while our family and neighbors run for the bridges.

None of their song choices are particularly appropriate. Here are ten much better suggestions from Save Jersey which, if we’re being honest (they rarely are) would make a lot more sense given the state of things in the Garden State… 

(1) Elvis Presley – I’m Movin’ On (1969)

CONTINUE READING….

The Gas Tax Hike Cometh

By Matt Rooney | The Save Jersey Blog

Gas pumpAs recently as March, Save Jerseyans, Governor Chris Christie said gas tax hikes were off the table.

He strongly opposed a proposal from Sen. Ray Lesniak (D-20, Union) earlier in the year which would’ve raised the gas tax by 15 cents over 3 years.

But I warned you earlier this week how the pending confirmation of Jersey Department of Transportation Commissioner-designate Jamie Fox could signal a change in thinking, or at least tactics.

I take no pleasure in being right. Trust me. I’ll be paying right along side you at the next pump. So enjoy our run of cheap gas (which is attracting drivers to NJ… when does that ever happen?) while it lasts…

CONTINUE READING….

Lance Joins Estate Tax Repeal Fight

By Matt Rooney | The Save Jersey Blog

LanceLeonard Lance is trying to help advance the death tax repeal movement in D.C and back at home where he got started, in the N.J. State House, as members of both parties coalesce around a legislative effort.

“From state capitals to the halls of Congress, there is growing movement to bring an estate tax repeal bill up for a vote in U.S. House of Representatives,” said Lance who, at the moment, is joining 220 other cosponsors of the Death Tax Repeal Act (H.R. 2429).  “It’s been nine years since the U.S. House has passed a death tax repeal measure.  With more than a majority of the House co-sponsoring the Death Tax Repeal Act, it is time that we show our support for family business owners, employees, farmers and consumers and vote to kill the death tax.”

The text of the letter signed by Rep. Lance and twenty-nine other lawmakers, directed to the GOP leadership, is posted below the fold:

CONTINUE READING….

Death Tax Repeal Supporters Rally at State House

By Matt Rooney | The Save Jersey Blog

death tax rallyYou don’t need me to remind you that New Jersey is one of the most heavily taxed states in the country, Save Jerseyans. It’s the primary reason why you’re a fan of this site.

And while it’s generally difficult for both sides of the aisle to come to an agreement on the all-important tax issue, at least in terms of getting anything constructive accomplished, a legislative effort was formally launched on the State House steps this Monday that’s got bipartisan sponsorship.

The cause capable of making this possible? Repealing the “death tax.”

The bipartisan legislation, sponsored by state senator Steve Oroho, (R-Sussex) and Paul Sarlo (D-Wood Ridge), would repeal the estate tax over a 5-year time span.

CONTINUE READING….

Momentum Still Building for Death Tax Reform

By Matt Rooney | The Save Jersey Blog

cemetery_overview1It’s finally starting to look like Trenton might do something about our death tax dilemma, Save Jerseyans.

We’ve been grinding this ax for a long time; only two U.S. states impose both an estate tax AND an inheritance tax. Consequently, anyone who can still afford to live in New Jersey (a shrinking pool) finds themselves deathly afraid of dying here.

State Senator Ray Lesniak (D) proposed repealing the estate tax back during the summer (although he wanted to exchange it for a millionaire’ tax). Now, a broad coalition of Assembly Republicans and Democrats are championing a bill (A1281) to (1) repeal New Jersey’s inheritance tax and (2) increase the estate tax exemption so that it’s in-line with the feds.

CONTINUE READING….

Fixing the Transportation Trust Fund Requires Getting Priorities in Order

By Daryn Iwicki | Americans for Prosperity

Americans for Prosperity agrees that we need to do something to fund infrastructure and maintain our roads. No one disputes how important this is to our economy. The problem is lawmakers refuse to get their priorities in order, practice fiscal discipline and put an end to giveaways to special interests.

Big Labor favoritism in the way of project labor agreements (PLAs) and prevailing wage are the biggest reason New Jersey has the highest costs to maintain roads of any state in the country. A terrific resource on project labor agreements—TheTruthAboutPLAs.com— explains that the vast majority (more than 85%) of the private construction workforce belong to non-union “merit shops”. PLAs force these shops to abide by a multitude of onerous rules should they earn a contract for State-funded work. Rather than abide by these terms and put their shop at risk, most refrain from even bidding for State projects. This stifles competition and drives project costs higher.

CONTINUE READING….

Christie: Federal Tax Code is “Wet Blanket”

By Matt Rooney | The Save Jersey Blog

Governor Chris Christie dropped by Wall Street on Wednesday afternoon to address America’s top financial figures at an annual hedge-fund ‘Delivering Alpha’ conference.

His primary message was as obvious and straightforward as it is important:

The Conservative Case Against This Budget

By Matt Rooney | The Save Jersey Blog

New Jersey’s $34.1 billion FY 2015 budget stinks for a host of different reasons, Save Jerseyans, all of which we’ve discussed here at Save Jersey including a measure that ADDS new members to the imperiled public benefits system, and we’ll continue to hope that Governor Chris Christie surprises us and uses his veto pen liberally but, for now, here’s a clip of Asm. Jay Webber (R-Morris) who did a solid job of summarizing where Democrats (and his own GOP) went astray from the floor on Thursday:

Christie Says Dems Waging ‘Class Warfare’

By Matt Rooney | The Save Jersey Blog

A woman protests Governor Christie's pension payment walk-back at his 6/25/14 Haddon Heights Town Hall (photo credit: Alyssa LaFage)

A woman protests Governor Christie’s pension payment walk-back at his 6/25/14 Haddon Heights Town Hall (photo credit: Alyssa LaFage)

I thoroughly enjoyed attending my first Christie town hall in a long time on Wednesday, Save Jerseyans, though to be 100% honest with you, the pall of a budget battle palpably hung heavily over Governor Chris Christie’s 122nd such gathering hosted at an elementary school in suburban Haddon Heights.

Pension protesters (see right) overwhelmingly supplanted those determined to discuss alleged pending Bridgegate-related indictments hours before a Mercer County Superior Court judge sided with the Administration’s position over that of organized labor.

Still, the Governor’s opening comments to the 300-ish attendees were less optimistic and upbeat than usual – the fictional Marty McFly might’s said “heavy” – and the tenor of the day’s discussion didn’t get too much more chipper from there on out despite his best attempts to mix in a little humor (and he did get some laugh lines as per usual). Also noticeably absent were any of the Governor’s situational allies in the South Jersey Democrat Machine; only Camden County Freeholder Director Louis Cappelli, Jr. was in attendance, a staunch support of police consolidated backed by the Administration, but he politely got up and left half way through the event.

No Steve Sweeney, nor Dana Redd, nor Donald Norcross (even though Heights is in his district).

A sign of the mood 45 minutes north on I-295? Christie was stoic, sober yet undeniably fatalistic about the next steps in the choreographed budget drama. “…[the Democrats] passed yesterday a whole bunch of these taxes in committee,” Christie explained, providing a little background for his audience. “I assume they are going to pass them tomorrow in the full senate and assembly.”

CONTINUE READING….

Trenton Moves to the Left of Cryan?

By Matt Rooney | The Save Jersey Blog

Joe Cryan

Joe Cryan

THIS is how sad it’s getting in Trenton, Save Jerseyans.

The following blurb from our AFP-NJ friends’ post-Assembly budget vote release caught my eye: “If reports are true, only Asm. Cryan and a few others in the Democratic caucus opposed this tax-hiking budget. We commend Asm. Cryan for pushing for a 4% across-the-board cut in the budget[.]“

Yes, Joe Cryan was the only one proposing cuts. 4%. Across-the-board.

Okay. I want to make it abundantly clear: anyone, Democrat or Republican, who claims that there is almost nothing to cut from the FY 2015 Budget is to the Left of Assemblyman Joe Cryan!

One of the legislature’s most partisan, liberal, and romantic (I might add) senior members.

CONTINUE READING….

Are You Dumb Enough to Trade $10 Billion for $560 Million?

By Irwin M. Fletcher | The Save Jersey Blog

Author’s Note: I’m not THAT dumb, Save Jerseyans.

runningWhy do we ALWAYS have the same argument over a millionaires tax?

Scratch that, Save Jerseyans. Why do Democrats and newspaper editors, aka Harry & Lloyd, our friends from Dumb and Dumber, ALWAYS ignore the facts of this argument? I’m getting sick and tired of the facts staring them right in the face and then, instead of responding to logic and reason, they lie to our faces. When they say that people do not leave, that people do not flee a state when they institute a millionaires tax, grab a fire extinguisher, aim it at their pants and get ready to pull the pin.

Wealth flees, Save Jerseyans. Wealth flees. And here is what the FACTS tell us what happens when a state, any state, raises its millionaires tax.

CONTINUE READING….

The Arbitrary and Capricious Tax

By Matt Rooney | The Save Jersey Blog

yoloLet’s stop referring to it as a “Millionaire’s Tax,” Save Jerseyans.

That’s not honest. It isn’t what’s actually on the table in Trenton this morning. A better term would be the “Arbitrary and Capricious Tax.”

This is Senate President Steve Sweeney’s plan to save New Jersey’s budget, as articulated by his office to the media:

(1) 10.75% tax on “millionaires” generating $565 million
(2) 10.25% tax on the $500k – $1 million group generating $155 million

There’s plenty of way to come up with these funds by cutting rather than taxing, but as I reminded you earlier this week, folks, el Presidente doesn’t care whether it adds up. This is a political maneuver, not a product of good faith nor good math. Never forget that; otherwise, you’ll destroy your scalp as you scratch it from now until the end of days.

CONTINUE READING….

Sweeney vs. Reality

By Matt Rooney | The Save Jersey Blog

Here we go again, Save Jerseyans.

Sweeney and Prieto

Sweeney and Prieto

The boorishly unimaginative Trenton Democrat caucus wants to “balance” New Jersey’s FY 2015 budget – without compromising promised pension payments – by raising taxes on the people who pay the bills. Senate President Sweeney’s competing budget proposal includes a millionaire’s tax (again); whether it’ll work isn’t up for debate since EVERY bit of objective evidence verifies that high taxes catalyze out-of-state migration.

You can’t tax ghosts, Mr. President. You can destroy jobs AND your tax base by convincing ghosts to haunt another lower-tax state. It’s never worked before and there’s no reason to think this time is different. “We have seen the suffocating impact of high taxes on the middle class families who have suffered as jobs moved away,” Assembly Republican Budget Officer Declan O’Scanlon (R-Monmouth) very correctly declared on Wednesday afternoon. “The state’s economy cannot sustain additional pressures on employers who have other options. Many of them can and will decide to create jobs in other, more welcoming  states if these irresponsible, short-sighted proposals are actually enacted.”

And you know what? I think Steve Sweeney knows it’s true….

CONTINUE READING….

Webber: 76ers Deal is “Corporate Welfare”

By Matt Rooney | The Save Jersey Blog

We don’t have anything close to a majority in Trenton, Save Jerseyans, but conservatives are speaking out against the structure of a massive tax abatement deal for the new Sixers practice facility on the Camden Waterfront.

Chief among them is former NJ GOP Chairman and political “rising star” Jay Webber who’s never afraid to challenge the status quo“We shouldn’t be providing these massive subsidies to people who are doing incredibly well,” Webber tolod NJTV on Friday. “These corporate subsidies, this corporate welfare, you’re taxing the guy who works at the gas station; you’re taxing the school teacher; you’re taxing the cop. You’re taking their money and you’re sticking it in the pocket of the owners of the 76ers.”