An Idea
It just astounds me how clueless New Jersey politicians are.
Today, Assembly Speaker Joe Roberts proposed eliminating property tax rebates. He thinks the state can more efficiently provide relief by not squandering $12 million annually. Rather, he is in favor of providing direct relief by providing an income tax credit. There’s legislative support for this:
“Let’s give it to them right on their taxes and save some sort of money,” said Karrow, R-Hunterdon.
What was Gov. Corzine’s response to this idea?
Corzine spokeswoman Lilo Stainton said the governor will “take a serious look at the proposal.”
“But there’s no reason to believe it would provide any serious savings,” Stainton said.
Uh huh.
Roberts’ idea has merit. It would be even better if the state just reduced the taxes upfront and not collect too much in taxes to begin with.
Of course, eCache readers are not new to this idea at all.
Also blogged on this date . . .
- Social Thing Invitations - 2008
- School Election - 2007
- Just Asking . . . - 2007
- On Corn Dogs - 2006
- Pitching Duel Gives Way to Sloppy 10th - 2005
- First District Republican Candidate Falls Short of Expectations - 2005
- Chapter II - 1994
Tags: inefficiency, New Jersey, Politics, rebate, slippage, tax
By Zoooma on Apr 18, 2008
Every now and then I check home prices back in my hometown of Oakland in Bergen County. (Just the mere small amount of thought I’m putting into that with this post is boggling my mind.) In the neighborhood we moved to before I started 7th Grade, homes there have an annual property tax of nearly $7,000.
It’s crazy. I love that I grew up there but as a Paramedic I can barely afford to move back to my hometown because of how insanely expensive it is. As crazy as the concept is to some people, I still love NJ … but even though it’s on my mind kinda often, I don’t know if I’ll ever be able to move back.
By Bob on Apr 19, 2008
Corzine is holding (for now) the state budget essentially flat. That is a change from every budget in the last 15 years. That is good. But municipalities, who will receive fewer dollars than last year, will increase local taxes.
The taxpayer will end up paying more. It’s a big shell game.