A Detailed History of How Democrat Governors (and Their Legislative Allies) Destroyed New Jersey’s Fiscal Health
Yes, we have the highest taxes due to the last two previous administrations. Have you ever wondered why?
Barbara Buono can spin all she likes! Let’s take our time to examine how we got here, figure by figure, just in case there’s any confusion:
Corzine and McGreevey combined added over 154 tax increases. A budget that was in the toilet, the state was going broke, and Corzine was writing checks knowing the well was running dry. On July 15, 2006, the sales tax was raised from 6% to 7% that was supposed to fund our rebates and the following year there was no rebate. So we funded our own rebate and, the following year, there wasn’t any money as a result.
Tax and spend, spend and tax with Barbara Buono supporting the tax increases all along the way. Now she is running on a platform of. . . cutting taxes?
In July of 2009, Corzine boasted that “13,000 private sector jobs were added last month because of our business-friendly policies,” when in actuality the state lost 3,100 jobs in June of 2009. Jon Corzine claimed he created 13,000 jobs, but his actions after his inauguration proved that facts often speak differently than rhetoric. Faced with an unemployment toll that rose to 9.2 percent, the Corzine administration spin was that the loss of jobs in June was the smallest since the recession began. Yet there were thousands of unemployed who were already standing in line, long before Chris Christie was even thinking of running for Governor.
Corzine extended the 4% corporate tax surcharge and raised taxes by 25 % on liquor. His Lt. Governor pick, Loretta Weinberg, had voted for every tax increase that ex-Governor Jim McGreevey wished for and every tax increase that Jon Corzine proposed; she was never interested in cutting government expenditures or standing up to government unions. Instead, she has consistently supported ever-increasing government expansions.
With the beginning of the recession in December 2007, New Jersey already lost 150,100 jobs…