Sunday, March 15, 2009
Governor Corzine To Middle Class: Drop Dead
"To help pay for the rebates, we have proposed eliminating the property tax deduction next year for everyone but seniors."
Gov. Jon Corzine said it Tuesday during his budget speech. I still can't believe I heard it.
Back in 1976, when I first started reporting on the antics in Trenton, the affable and smooth-talking Brendan Byrne sold the state on adopting an income tax by arguing that it would produce revenue for the property-tax rebates.
We've now reached the point where Byrne's Democratic successor is proposing to impose the income tax on the property tax to fund rebates. Worse, those rebates will now be cut off at a mere $75,000 in annual income.
Read more ....
My Comment: Do not worry Gov. Corzine. The turkeys in your state will still elect you for another term.