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Tag: Taxes

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:

Winners and Losers, Budget Edition

By Matt Rooney | The Save Jersey Blog

Moving VanThe list doesn’t change much from year to year, does it? Because tax relief remains as elusive as ever…

So, in no particular order on the morning after…

Winners

1. Pennsylvania

2. New York

3. North Carolina

4. South Carolina

5. Delaware

CONTINUE READING….

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:

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 Tax Abatements Worth the Cost?

By Matt Rooney | The Save Jersey Blog

Tax abatements remains hugely controversial, Save Jerseyans, and they’re back in the news because of recent activity in Camden and Jersey City. Interestingly, unlike many of the issues raised here at Save Jersey, there isn’t a clear consensus on either side of the aisle. For example, right-of-center thinkers can’t agree; Americans For Prosperity (see below) is often found in opposition whereas other actors (including some folks over at The Heritage Foundation) have lauded tax credits with helping spur economic development.

Learn more about it and draw your own conclusion as to whether the cost is worth it… it is, after all your money:

How to Survive in New Jersey on $200 a Day

By Joe Schilp | Joe’s Blog

Single family homeMost people probably never think about the cost of living in New Jersey, but when you get right down to it, if you’re part of a typical Middle Class family of four, it will cost you approximately $200 a day just to live in New Jersey.

I know, that sounds outrageous, right?  But go ahead, add up your expenses and you’ll be stunned to see that it costs you roughly $200/day – probably more – just to live here. 

Middle class New Jersey residents, your expenses are:

CONTINUE READING….

Christie Assesses “Limited Options”

By Matt Rooney | The Save Jersey Blog

Citing factors including the pension indiscretions of his predecessors and, in a moment of candor, his own government’s economists’ overly-optimistic assessment of the effect of federal tax changes, Save Jerseyans, Governor Chris Christie told CBS News’ Bob Schieffer at the Peter G. Peterson Foundation’s Fiscal Summit in Washington on Wednesday that time is running out for our state not just to plug an $800 million budget gap but to save New Jersey as a general matter.

Pretty much…

When is a plan forthcoming? “Next week,” so says the Governor, but he promised that it would not include new tax increase proposals: 

Robin Hood Budgets Are Killing Us

Trenton Mismanagement, Federal Obamanomics Sow Seeds of Fiscal Mayhem in New Jersey

By Matt Rooney | The Save Jersey Blog

Robin HoodIt’s already starting, Save Jerseyans.

Shameless as ever, Trenton Democrats are trying to lay blame for an $807 million budget gap at the feet of our embattled Governor Chris Christie.

And to be 100% fair, the Guv has made a few missteps, not the least of which was failing to pitch budgets with less spending on the front end and the less-than-aggressive use of his line-item veto power on the back end. Salt on the wound? Levying taxes on e-cigarettes and Internet transactions only serves to further muddy the waters and reinforce a dangerous misconception in voters’ minds:

That “revenue,” not spending, is the problem.

Wrong! No, no, no! Our deep fiscal problems embodied by yesterday’s grim announcement are spending based, and the goofy revenue “strategy” that’s dominated Trenton’s thinking for nearly the past two decades is exacerbating those problems. The only silver lining? We have new definitive proof to back up our counter-argument coming out of this latest fiscal crisis.

No myths. Only facts…

CONTINUE READING….

New Jersey Economic Reality

By Matt Rooney | The Save Jersey Blog

The good news, Save Jerseyans?

Even in light of rampant institutional corruption, a sluggish job market, ever-increasing taxes and broken public schooling, our next generation of New Jerseyans do still have SOME career options in their native state…

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MacArthur Launches MayorLonegan.com

By Matt Rooney | The Save Jersey Blog

Screenshot from MayorLonegan.com

Screenshot from MayorLonegan.com

Thus far, the main pillar of Steve Lonegan’s CD3 primary campaign has involved impeaching the mayoral record of opponent Tom MacArthur. A recent Lonegan ad asserts that MacArthur’s time at the head of Randolph’s government earned him the designation “Republican in Name Only” or RINO.

The MacArthur campaign struck back on Thursday by launching an entire site – MayorLonegan.com – dedicated to Lonegan’s mayoral record in Bogota, one which it considers less-than-flattering.

CONTINUE READING….

Feisty Christie Lectures Chamber Dinner

By Matt Rooney | The Save Jersey Blog

Christie at Chamber Dinner“Are we going to go forward, or backward?”

That was the theme of Governor Chris Christie’s keynote address at this year’s New Jersey Chamber of Commerce-hosted ‘Walk to Washington’ dinner in Washington, D.C., Save Jerseyans, and the Big Guy didn’t mince words when he discussed the ramifications of the Assembly’s failure to pass a renewed arbitration cap.

This wasn’t a fluffy “thanks for the invite” speech, although he did take the time to crack a few perfunctory jokes related to select attendees.

Additional pension reforms were also on the Republican executive’s mind, invoking the specter of Detroit for the second time in two days only hours after vetoing DRBA minutes which would’ve hiked that authority’s benefits costs.

CONTINUE READING….

The RTF Stealth Tax

By Joe Sinagra | The Save Jersey Blog

Moving VanGovernor Christie is absolutely on track in his questioning of the Realty Transfer Fee (RTF), Save Jerseyans, and if anything, if he is able to successfully eliminate this insidious tax placed on property owners, then he should also make sure it cannot revert back to its previous status once he leaves office.

When I was running for office, another one of my peeves was the Realty Transfer Fee (RTF), pursued aggressively under Jim McGreevey and continued by Jon Corzine as an additional source of revenue. Click here to play with an RTF calculator if you’re a visual learner.

This form of taxation acts as an insidious hidden tax to homeowners New Jersey…

CONTINUE READING….

Moran: NJ’s Full of Greedy Jerks!

Are New Jersey voters (that would be you) greedy jerks or just stupid and impressionable?

By Art Gallagher | MoreMonmouthMusings.com

Hundreds of middle-aged people looking for work at Brookdale this morning. April 4, 2014

Hundreds of middle-aged people looking for work at Brookdale this morning. April 4, 2014

New Jersey voters are either greedy jerks or stupid and impressionable buffoons if you buy The Star Ledger Editorial Board’s (Tom Moran’s) reading of the QuinnipiacPoll released on Thursday.  The poll reported that New Jerseyans favor wage freezes for state workers, by a 53-42 margin, and oppose an increase in the gasoline tax by a 65-33 percent margin:

New Jersey voters are jerks. The new state motto: “Screw you, not me.”

That is how Moran starts off his rant. He finishes by cutting the poll respondents a break. Maybe we aren’t greedy jerks, maybe we’ve been led to think the way we do:

We’ll cut the folks responding to the Quinnipiac poll a break – they’ve been goaded in this direction. Despite widespread reforms to state workers’ pay and benefits during the past four years, not to mention budget cuts that led to historic layoffs of police, teachers and firefighters, Gov. Chris Christie used his annual budget address to continue to blame state worker compensation for our fiscal aches and pains.

Hmmm.  Moran’s frustration is showing.  As the editorial page editor of the state’s largest media outlet, Moran should be the most powerful opinion maker in New Jersey. How could his readers be so stupid?!

Insulting your customers (readers) is a interesting strategy to stop the bleeding of a company (media outlet) that is contracting rapidly and recently announced 167 layoffs which followed millions in concessions from the outlet’s unionized workers and a smaller round of layoffs.

Read the rest of this entry »

Let’s Leave RINO Talk Out of CD3

By Matt Rooney | The Save Jersey Blog

Perhaps there was never any hope for a clean GOP primary in CD3 this cycles, Save Jerseyans. The latest TV spot to hit the airwaves is indicative of what we have to look forward to over the next two months:

A theme is emerging. You may have heard Mark Levin read an anonymously-authored post from Red State on air last Wednesday evening, titled “Why did the National Republican Congressional Committee Young Gun Program just endorse a RINO in New Jersey?”

The post echoes many of the points included in the Lonegan ad above, a post which candidate MacArthur labeled “creepy” in a fiery letter to his primary rival since it cited his daughter’s Facebook page to allege that he still doesn’t reside in CD3 (aside: both candidates are transplants from North Jersey).

My honest take?

CONTINUE READING….

Sweeney: Interest Arbitration Will Pass Senate

By Art Gallagher | MoreMonmouthMusings.com

Steve Sweeney (left) and Chris Christie (right)

Steve Sweeney (left) and Chris Christie (right)

Senate President Steve Sweeney told MMM today that he expects a key provision of New Jersey’s 2%  property tax cap that is set to expire on April 1 to be extended.

The interest arbitration provision of the property tax reforms passed with bi-partisan support three years ago caps arbitration awards in government labor disputes to 2%. Since they’ve been implemented the average arbitration award resulted in salary increases for local government employees to 1.86%–the lowest in 20 years. The provision will expire on April 1 unless extended by legislation.

Continue Reading…

Waldwick Works for Taxpayers

By Michael Ritchie | The Save Jersey Blog

Waldwick Mayor and Council (2013)

Waldwick Mayor and Council (2013)

It’s not every day that you hear about a municipality, city or borough passing a municipal budget with a 0% tax increase, Save Jersyans; it’s even more rare to see this happen in the same place two years in a row.

That feat, however, is exactly what the borough of Waldwick, New Jersey has successfully accomplished in 2014 through the leadership of its Mayor and Council.

CONTINUE READING….

You Can’t Tax Ghosts

By Matt Rooney | The Save Jersey Blog

Hamlet_and_his_father's_GhostYet another independent, nonpartisan research study has proven what Trenton Democrats continue to stubbornly deny, Save Jerseyans: their policies drive taxpayers out of the state.

Regent Atlantic’s findings should provide a shock to the system of every policymaker with half a heart and some semblance of a functioning brain:

An analysis of income tax returns filed in New Jersey shows that taxpayers are changing their domiciles to lower-tax states. In 2010, there were 87,630 federal tax returns filed in states other than New Jersey by people who filed their 2009 tax returns in New Jersey. These 87,630 tax returns accounted for a loss of $5.5 billion in taxable income for New Jersey.

CONTINUE READING….