http://www.bloomberg.com/apps/news?pid=20601068&sid=aSjZwlJTW71cMarch 17 (Bloomberg) -- New Jersey Governor Chris Christie said his plan not to renew a business-tax increase or an income- tax surcharge on residents earning $400,000 a year or more is “completely non-negotiable.”
The $29.3 billion budget that Christie presented to lawmakers yesterday was “well-received” by the credit-rating companies, Treasurer Andrew Eristoff said. The plan closes a $10.7 billion deficit by suspending property-tax rebates, skipping the state’s $3 billion pension contribution and reducing aid to schools, towns and higher education.
So, the state has a 10.7 Billion dollar deficit, and instead of keeping the business-tax and tax on those making OVER $400,000, he's cutting property tax rebates, skipping pension contributions and reducing aid to schools, towns and higher education.
So, if I'm near retirement, living in a home I purchased, and sending my kids to school/college, I can expect that I won't get a property tax refund, my pension won't be funded, and my kids schools/colleges are going to have to make cuts to continue operating.... all so businesses and people making over 400 large can pay LESS taxes?
Seriously, this is the new face of the Republican party?
These are the policies that the right points to that will save America?
This is the guy that represented the new direction the Republican party wants to take us?
I usually try to spark a discussion without too much editorial comment when I post a new thread, but I can't with this one.
Cutting schools and pensions for lower taxes when there is a deficit to me is lunacy. It is nothing more than wealth redistribution from the average citizen to the very wealthy. Un-*****-believable.