Posted on 06/22/2021 6:59:01 AM PDT by ChicagoConservative27
After more than a week of state budget negotiations, Gov. Phil Murphy and Democratic legislative leaders on Monday announced a deal to increase a popular property tax relief program and expand earned income, child and dependent care tax breaks in New Jersey.
The agreement also follows through on their promise to send income tax rebates of up to $500 to many low- and middle-income taxpayers who have dependents in exchange for a tax increase on high-income earners.
(Excerpt) Read more at nj.com ...
Well pack my bags and watch out garden state. The influx of folks moving there should be YUGE! NOT!
I am thinking it would be smart for the citizens to pass a TABOR type amendment to their state constitution.
Just the Democrats moving money around from Red to Blue again
Surplus during the lockdown? Yeah, right. I wonder from where they got all that extra tax revenue.
“It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grams a week. And only yesterday […] it had been announced that the ration was to be reduced to twenty grams a week. Was it possible that they could swallow that, after only twenty-four hours? Yes, they swallowed it. [...] The eyeless crature at the other table swallowed it fanatically. passionately, with a furious desire to track down, denounce, and vaporize anyone who should suggest that last week the ration had been thirty grams. Syme, too-in some more double complex way, involving doublethink-Syme, swallow it. Was he, then, alone in the possession of a memory?”
― Orwell George, 1984
How many votes will $500 buy? Enough to purchase NJ? $1400 delivered GA to the D column
I wonder if the change is enough to knock it out of first place as the state with the highest effective property tax rate in the US? (https://www.usnews.com/news/best-states/articles/2021-02-23/these-states-have-the-highest-property-taxes)
Yup.
Meanwhile the high inflation and low interest rates are destroying their money.
Buying votes for next year, eh?
How about sending an equal percentage of tax surplus back to those that paid income tax. I know, I know, it’s a radical idea, but it just might work and be fair to the taxpayers.
We’re headed out to Cape May in 10 days
If you’ve ever been down to the southern Jersey shore it’s quite an amazing place
The entire coast line is filled with multi million dollar homes where people are there three months a year
Surplus due to bailout. And don’t worry that “surplus” will be a deficit by next year. Fed government is an enabler for states like NJ.
But the money from Biden can’t be used for tax breaks. /s
No doubt there are places in NJ that are gorgeous. Went on a business trip to Boonton in the early 80’s. Pretty country. Crap politics.
For years now more and more of those homes are winterized and lived in year-round; many Americans left my area (a dozen miles west of NYC) and moved down there. The problem was many still had to work up here, so the commute is horrible. Also, as they moved there the towns had to deal with increased student bodies, so they were basically re-creating the high costs up here - just had less teachers making $100,000 for 180 days of work because many were newer hires.
Tax breaks? Must be election year. They’ll be gone soon enough and the crushing increases will start next spring, no doubt about it.
Drive there in Summer and look at license plates. Long Beach Island and north is all New York plates. South of Long Beach Island it's all PA plates. The jersey shore is colonized by rich people from NYC and Philadelphia. It's priced out of the range of most New Jersey residents. We end up renting.
A surplus means they have taken too much in the first place.
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