Governor Corzine presented his budget today. No rebates. Less municipal aid. And while funds for education increased (he needs NJEA support), we learned just today that our municipality is pushing for a tax increase for the school system.
We are living within our means. We are not spending more than we are taking in. We are making the tough choices to do the right thing.
First off, it is illegal for the state to pitch a budget that is not balanced. That nullifies the second sentence. “Living within our means” is comical. Raising taxes while not slashing spending is not living within anyone’s means. In order to meet payroll, Governor Corzine is raising our taxes. End of story.
Local taxes are about to skyrocket in New Jersey. Corzine shifted from which government we will be taxed for political expediency. It’s campaign season after all. Our state taxes will not be reduced and our local taxes will rise. This is “the right thing” according to the man who is asking us to re-elect him.
Not satisfied with that, the ousted Wall Street CEO has already presented the first bad news for next year; namely, taxpayers will no longer be able to deduct property taxes paid. Yup, our already nation-high property taxes that will most certainly increase the spread over the next closest state, will no longer be deductable.
I shared with my mother a while back that since the federal government was taking over private companies, it might as well target Johnson & Johnson. Forget that J&J is a company that is doing okay in this horrible economy. It is needed by the government. That way when the tax bill is sent, they could include an individual package of K-Y to us. Obviously, New Jersey needs to get in on this. Something needs to lubricate the screwing Corzine is providing.
I wish I could balance my household budget by making someone else pay.
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