So Christie is going to Illinois to get businesses to move to NJ after their taxes went up 66%. There is only one little problem: Illinois is Cheaper Even with the increase, Illinois’s tax load is less than New Jersey’s, whose state and local tax burden ranked first in the nation in a 2008 survey by the Tax Foundation, a privately funded research and advocacy organization in Washington. Illinois... [more]
So Christie is going to Illinois to get businesses to move to NJ after their taxes went up 66%. There is only one little problem:
Illinois is Cheaper
Even with the increase, Illinois’s tax load is less than New Jersey’s, whose state and local tax burden ranked first in the nation in a 2008 survey by the Tax Foundation, a privately funded research and advocacy organization in Washington. Illinois ranked 30th.
Illinois’s corporate tax increase moved it into fourth place from 21st among U.S. states in overall business taxes, the foundation said in a Jan. 13 report.
Representatives of four of the six largest publicly traded businesses based in Illinois said no meetings with Christie were planned.
Heidi Barker, a spokeswoman for McDonald’s Corp., the state’s largest company according to data compiled by Bloomberg, said in an e-mail the company had “no knowledge” of any meeting.
John Dern, a spokesman for Chicago-based Boeing Co., the world’s biggest aerospace company and fifth-largest Illinois company, said by telephone that no meeting was planned.
Nothing Doing
“The staff that handles government affairs is not aware of such a meeting and they normally would be notified,” Ken Golden, a spokesman for Deere & Co., the Moline-based farm and construction equipment maker which is sixth largest, said in an e-mail.
Adelle Infante of Abbott Laboratories, the second-largest company, and Jim Dugan of third-largest Caterpillar Inc. did not respond to telephone calls seeking comment.
http://www.bloomberg.com/news/2011-02-04/christie-gets-brushoff-from-kraft-as-he-hunts-jobs-in-illinois.html
So not only does NJ have higher taxes than Illinois, but most businesses in Illinois are not even interested in meeting with Christie, never mind move to stinking new Jersey. This is nothing more than a publicity stunt by Christie that won't produce a single job.
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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010
Socialist, you are right, that is nuts. Christie should focus on cutting taxes in New Jersey. Then the jobs and businesses will follow.
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Response by patient09
almost 15 years ago
Posts: 1571
Member since: Nov 2008
Socialist
"So not only does NJ have higher taxes than Illinois, but most businesses in Illinois are not even interested in meeting with Christie, never mind move to stinking new Jersey. This is nothing more than a publicity stunt by Christie that won't produce a single job."
thats the point!...get it!
NJ is soo Fcked up that folks won't even leave a really fckud state.
I think he made his point really clear. Wait for his own rebuttal to his rhetorical question. The populace in NJ is slowly getting it. When they do, NY and NYC will take the pain.
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Response by Socialist
almost 15 years ago
Posts: 2261
Member since: Feb 2010
NJ cannot afford to cut taxes. If they did, the state would go bankrupt tomorrow. And services would have to be cut so much, you would literally have anarchy. Just look at Camden.
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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010
If they can't cut taxes to attract businesses, then it is a problem. Perhaps if they clawed back the significant excess pension benefits paid to the state and municipal workers, then they could cut the taxes and do the right thing for the next generation.
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Response by Socialist
almost 15 years ago
Posts: 2261
Member since: Feb 2010
Cutting taxes will not create a single job.
Why will a business come to NJ when they can get land 50% + cheaper in the midwest? If your a company like Caterpillar and require a substantial amount of land, your not going to move to NJ.
Another reason cutting taxes will not create jobs is because NJ has a declining population. If your going to open up a new business, where are you better off: somewhere with an growing population or a declining population?
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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010
Ok you got me. NJ is screwed. Every taxpayer ought to leave and go to the midwest where the taxes are lower, land is cheaper, and they are not burdened by the legacy costs of excess pension benefits to the state and municipal workers (or at least the proportion will be lower when they all move to the midwest).
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Response by Socialist
almost 15 years ago
Posts: 2261
Member since: Feb 2010
More people have been leaving NJ than moving in for quite some time. Mnay homeowners, especially the elderly ones, cannot afford $10,000 + in property taxes. TONS of people have been going to North Carolina and Texas. You can buy a 4 or even 5 thousand square foot house there for the price of a dump in NJ.
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Response by Socialist
almost 15 years ago
Posts: 2261
Member since: Feb 2010
Republicans need to unsderstand that you simply CANNOT cut taxes when you have record deficits. No Republican in the US understands this. David Cameron, the new COnservative leader in the US that Republicans here idolize, does know this however:
David Cameron: Sorry, but we can't afford tax cuts
David Cameron has ruled out making "significant" personal tax cuts as ministers battle to cut Britain's record deficit.
Of course you would NEVER hear a Republican in the US says "Sorry, but we can't afford tax cuts" They want you to think you can have your cake and eait it too. And when your done, you can even have seconds!
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Response by Socialist
almost 15 years ago
Posts: 2261
Member since: Feb 2010
correction: conservative leader in *England*
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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010
Chris Christie for President!
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Response by Socialist
almost 15 years ago
Posts: 2261
Member since: Feb 2010
The best way to create jobs are to invest in infastructure and to lower property taxes. Loweing property taxes will stablaize the housing market by making homes more affordable and will provide a major economic stimuls to the middle class and the lower middle class. Property taxes are very regressive, with richer homeowners paying a smaller percentage of their income in property taxes than poorer ones.
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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010
Sure, lower property taxes, plus clawing back on those excess pensions.
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Response by Socialist
almost 15 years ago
Posts: 2261
Member since: Feb 2010
Your not allowed to touch pensions of existing retirees. THat would violate all the contracts. Your only allowed to reduce pensions for new workers, and the savings from those cuts will not materialize for another 20-30 years.
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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010
Why are the unions so in favor of eating their young? Giving current workers lower benefits than the older workers?
What I don't get is why the current younger working union members would agree to be part of the same union that suggested these cuts. Why don't they leave, form their own union, let the older workers' and retirees unions fall apart.
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Response by somewhereelse
almost 15 years ago
Posts: 7435
Member since: Oct 2009
So, Alpo is admitting lower taxes are better for business.
BTW, where does "the market is NOT down 20%, show me just one example" alpo get off on calling anyone else on this earth stupid?
Socialist, you are right, that is nuts. Christie should focus on cutting taxes in New Jersey. Then the jobs and businesses will follow.
Socialist
"So not only does NJ have higher taxes than Illinois, but most businesses in Illinois are not even interested in meeting with Christie, never mind move to stinking new Jersey. This is nothing more than a publicity stunt by Christie that won't produce a single job."
thats the point!...get it!
NJ is soo Fcked up that folks won't even leave a really fckud state.
I think he made his point really clear. Wait for his own rebuttal to his rhetorical question. The populace in NJ is slowly getting it. When they do, NY and NYC will take the pain.
NJ cannot afford to cut taxes. If they did, the state would go bankrupt tomorrow. And services would have to be cut so much, you would literally have anarchy. Just look at Camden.
If they can't cut taxes to attract businesses, then it is a problem. Perhaps if they clawed back the significant excess pension benefits paid to the state and municipal workers, then they could cut the taxes and do the right thing for the next generation.
Cutting taxes will not create a single job.
Why will a business come to NJ when they can get land 50% + cheaper in the midwest? If your a company like Caterpillar and require a substantial amount of land, your not going to move to NJ.
Another reason cutting taxes will not create jobs is because NJ has a declining population. If your going to open up a new business, where are you better off: somewhere with an growing population or a declining population?
Ok you got me. NJ is screwed. Every taxpayer ought to leave and go to the midwest where the taxes are lower, land is cheaper, and they are not burdened by the legacy costs of excess pension benefits to the state and municipal workers (or at least the proportion will be lower when they all move to the midwest).
More people have been leaving NJ than moving in for quite some time. Mnay homeowners, especially the elderly ones, cannot afford $10,000 + in property taxes. TONS of people have been going to North Carolina and Texas. You can buy a 4 or even 5 thousand square foot house there for the price of a dump in NJ.
Republicans need to unsderstand that you simply CANNOT cut taxes when you have record deficits. No Republican in the US understands this. David Cameron, the new COnservative leader in the US that Republicans here idolize, does know this however:
David Cameron: Sorry, but we can't afford tax cuts
David Cameron has ruled out making "significant" personal tax cuts as ministers battle to cut Britain's record deficit.
http://www.telegraph.co.uk/news/newstopics/politics/david-cameron/8306110/David-Cameron-Sorry-but-we-cant-afford-tax-cuts.html#
Of course you would NEVER hear a Republican in the US says "Sorry, but we can't afford tax cuts" They want you to think you can have your cake and eait it too. And when your done, you can even have seconds!
correction: conservative leader in *England*
Chris Christie for President!
The best way to create jobs are to invest in infastructure and to lower property taxes. Loweing property taxes will stablaize the housing market by making homes more affordable and will provide a major economic stimuls to the middle class and the lower middle class. Property taxes are very regressive, with richer homeowners paying a smaller percentage of their income in property taxes than poorer ones.
Sure, lower property taxes, plus clawing back on those excess pensions.
Your not allowed to touch pensions of existing retirees. THat would violate all the contracts. Your only allowed to reduce pensions for new workers, and the savings from those cuts will not materialize for another 20-30 years.
Why are the unions so in favor of eating their young? Giving current workers lower benefits than the older workers?
What I don't get is why the current younger working union members would agree to be part of the same union that suggested these cuts. Why don't they leave, form their own union, let the older workers' and retirees unions fall apart.
So, Alpo is admitting lower taxes are better for business.
BTW, where does "the market is NOT down 20%, show me just one example" alpo get off on calling anyone else on this earth stupid?