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After months of warnings that things were not going to get better, New Jersey Gov. Chris Christie on Tuesday proposed a state budget that keeps spending for most programs essentially flat while cutting funding for Medicaid and lowering taxes on businesses.
Following a year of deep cuts, the $29.4 billion budget restores some spending, including an increase in the amount local school districts will receive from Trenton and an increase in direct property-tax relief.
The Republican governor is counting on cuts to pensions and benefits being passed by the Democrats who control the Legislature, as well as a waiver from the Obama administration for his Medicaid plans.
After months of warnings that things were not going to get better, New Jersey Gov. Chris Christie on Tuesday proposed a state budget that keeps spending for most programs essentially flat while cutting funding for Medicaid and lowering taxes on businesses.
Following a year of deep cuts, the $29.4 billion budget restores some spending, including an increase in the amount local school districts will receive from Trenton and an increase in direct property-tax relief.
The Republican governor is counting on cuts to pensions and benefits being passed by the Democrats who control the Legislature, as well as a waiver from the Obama administration for his Medicaid plans.
After months of warnings that things were not going to get better, New Jersey Gov. Chris Christie on Tuesday proposed a state budget that keeps spending for most programs essentially flat while cutting funding for Medicaid and lowering taxes on businesses.
Two things will happen if NJ lowers taxes on business; 1) If it's viewed as permanent, it will attract business the NJ and 2) the price of products and services will go down so people in NJ will have more money to spend.
This is really not good because government is increasing their tax day by day.Every thing is getting costly and it is affecting specially common people.
After months of warnings that things were not going to get better, New Jersey Gov. Chris Christie on Tuesday proposed a state budget that keeps spending for most programs essentially flat while cutting funding for Medicaid and lowering taxes on businesses.
Following a year of deep cuts, the $29.4 billion budget restores some spending, including an increase in the amount local school districts will receive from Trenton and an increase in direct property-tax relief.
The Republican governor is counting on cuts to pensions and benefits being passed by the Democrats who control the Legislature, as well as a waiver from the Obama administration for his Medicaid plans.
In 2010, GE made 5.1 Billion in profits - that is net profit, not gross - and is getting a tax credit of 3.2 Billion. Like I have said, the GOP's new mantra: capitalism for workers, socialism for corporations and the rich.
Two things will happen if NJ lowers taxes on business; 1) If it's viewed as permanent, it will attract business the NJ and 2) the price of products and services will go down so people in NJ will have more money to spend.
You are assuming businesses are going to pass along any tax savings. More likely than not they will simply pocket those savings as corporate profits.
Two things will happen if NJ lowers taxes on business; 1) If it's viewed as permanent, it will attract business the NJ and 2) the price of products and services will go down so people in NJ will have more money to spend.
Very simply and well said!
Sadly, the lefties can not and/or will not attempt to understand simple concepts like this. They would rather cry and blubber about the 'middle class' and what is being taken away and no longer handed out in entitlments.
Gov. Christie is great and I wish we had him in my state!
In 2010, GE made 5.1 Billion in profits - that is net profit, not gross - and is getting a tax credit of 3.2 Billion. Like I have said, the GOP's new mantra: capitalism for workers, socialism for corporations and the rich.
I read an article in the New York Times. GE has 975 employees specifically in their tax accounting department many of them are lobbyist and former I.R.S and Treasury employees. They spend half their time on tax regulation and the other half on how they can game the code to get money FROM THE FEDERAL GOVERNMENT. Also the $5.1 profit is only from operations inside the United States overall GE made over $14 billion dollars worldwide.
There is capitalism and there is F***K you capitalism, which is the pursuit of profit without any regard to the national interest, the environment, or social responsibility. GE is practicing F****K you capitalism.
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