POSTED BY ORHAN
California’s belt-tightening, tax increases, and subsequent projected budget surplus contrasts sharply with Gov. Chris Christie’s plan to cut New Jersey’s income tax, even though the state’s deficit grew again this year, as it has for almost a decade.
Christie believes that cutting taxes on the 1% will bring “job creators” into the state: according to Thinkprogress, “The tax cut plan that Christie unveiled in 2012 would have given 40 percent of its benefit to the richest 1 percent of New Jerseyans, while cutting taxes for middle-class families by just $80.”
Christie would cut state taxes even though it would dramatically lower revenue; meanwhile New Jersey desperately needs money to rebuild after Hurricane Sandy. And while Christie is smart, tough, personable, and appears to be one of the few non-crazies on the national Republicans scene, he still clings to the market fundamentalism that brought the country to its present condition.