NJ legislators and governor give math lessons

[Easy E]

<font color="blue">The governor, looking tired and weary, said he had offered another compromise to Assembly Democrats who have blocked his proposed increase in the sales tax from 6 percent to 7 percent. This plan would constitutionally dedicate half of the one-penny increase in the sales tax for property-tax rebates, Corzine said, providing "billions of dollars of funding for property-tax relief over 10 years, while implementing meaningful progress toward financial responsibility."

Assembly Speaker Joseph Roberts (D., Camden), who has insisted <font color="red">he would not approve an increase in the sales tax unless 100 percent of it went for property-tax relief,</font> rejected Corzine's compromise the first time he heard it, said Sen. Joseph Vitale (D., Middlesex). But lawmakers said he was reconsidering the proposal today.

Roberts earlier this week said that just 15 of the 49 Democrats in his caucus would approve any kind of sales-tax increase, rejecting an earlier compromise Corzine had embraced that would reserve half of a sales-tax increase for property-tax relief. That plan did not constitutionally dedicate the tax revenue to keep it from going toward other projects in years to come.</font>

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So, in a state that's $4.5B in the red, he wants to insist that a sales tax increase intended to pay off the debt should instead be used to replace income that will be removed from tax relief? [img]/images/graemlins/confused.gif[/img]

Did I miss the part of the equation where -$4.5 + $4.5 - $4.5 = 0? [img]/images/graemlins/confused.gif[/img]


Let's not even discuss why they aren't discussing a 6 1/2% sales tax and forget the property tax relief- taking money from poorer people and shifting it to landowners is something that went out of favor in the 1300's, didn't it?


Politics... [img]/images/graemlins/mad.gif[/img]

[rsigley]

NJ already has the highest property tax of any state

"Best and Worst States: Based on data from the 2002 census, the following five states have the lowest local property taxes per capita/year. They are Arkansas ($191), Alabama ($285), Kentucky ($376), New Mexico ($380), and Oklahoma ($425). The states with the highest local property taxes per capita/year are: New Jersey ($1,871), Connecticut ($1,733), New York ($1,402), and Rhode Island ($1,369)."

http://www.retirementliving.com/RLtaxes.html


How much more do you want to raise the property tax by? I aalready pay $4300/year in property tax on my house, how much do you want to raise it to?

Raising the sales tax is the only fair solution since the programs sponsored by the taxes are for everyone not only people with houses.

[NickMPK]

The problem with tax increases is that they are politically very unpopular no matter how big they are. So it's not like Corzine could even compromise down to a 6.1% sales tax, the Republican would still have the issue in their pocket to use against Dems in the next campaign. So compromising to a figure somewhere in the middle would be lose-lose.

[Willy]

So how did cutting disbursements get lost as an alternative.

[niss]

Have you seen the condition of New Jersey's big cities -- Newark, Camden, Paterson, Trenton? The last thing these places need is less money.

[TheRock69]

I am pretty sure the party [censored] up their re-election plans by shutting down the goverment.

[jman220]

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I am pretty sure the party [censored] up their re-election plans by shutting down the goverment.

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Yeah, the Dems just handed NJ to the repubs on a silver platter.

[rsigley]

oh well it's all settled now anyway

sales tax up to 7%, half for property tax relief

casinos open tomorrow

[BriMc]

[ QUOTE ]
[ QUOTE ]
I am pretty sure the party [censored] up their re-election plans by shutting down the goverment.

[/ QUOTE ]

Yeah, the Dems just handed NJ to the repubs on a silver platter.

[/ QUOTE ]

except there aren't any republicans in NJ