July 2, 2016 |
TRENTON - New Jersey's gas tax isn't going up - at least for the holiday weekend. The Senate did not hold a vote Thursday on legislation to raise the tax to replenish the state's fund for roads and bridges, spurning a call by Gov. Christie to resolve the crisis before the fiscal year ended Thursday. Senate President Stephen Sweeney (D., Gloucester) said he didn't believe there was enough support in his chamber to advance legislation, backed by Christie, that the Assembly passed this week.
June 29, 2016 |
TRENTON - New Jersey lawmakers left the Statehouse on Monday without a deal to replenish the state's depleted fund for roads and bridges, but are negotiating a possible gas tax hike in exchange for a reduction in the sales tax. Throughout a marathon legislative session, being held before the fiscal year ends Thursday, top lawmakers dashed in and out of meetings with Gov. Christie, who seemed intent on crushing any attempt by lawmakers to override his...
January 4, 2016
This holiday season, Congress decided, once again, that it is really important to give. The budget agreement passed in mid-December was an example of the good old-fashioned pork-trading typical of past Congresses - at least until political purity and party warfare became the preferred form of non-governing. While going back to the future did prevent another government shutdown, it is doubtful the old strategy amounts to responsible budgeting policy. The bipartisan tax-and- spending Christmas tree has too many special deals under it to list in one, two or maybe even three of these columns.
September 30, 2015 |
Gov. Christie said Monday that he would not consider raising the state's tax on gasoline unless lawmakers pared back other levies, though he didn't endorse a specific plan. Christie's transportation commissioner has said the state will run out of money for road, bridge, and rail projects in July. "I will consider any option that's presented to me as long as those options include tax fairness for the people of New Jersey," Christie said Monday morning at a breakfast in Morris County hosted by the Commerce and Industry Association of New Jersey.
May 14, 2015 |
MANCHESTER, N.H. - Gov. Christie attacked President Obama's economic record while calling for lower income and corporate tax rates during a speech Tuesday, the latest installment in a push to gain presidential ground in the first-in-the-nation primary state. Christie, who also called for a less restrictive approach to government regulation and a national energy strategy that would include completion of the Keystone XL pipeline, said the Democratic president's "high-tax, heavy-regulation" policies were responsible for a slow economic recovery that has taken a particular toll on the middle class.
March 8, 2014 |
It has been a mantra of American business for years - lower the tax rate on multinational corporations to boost their competitive edge and spur the economy in the United States. But a University of Pennsylvania law professor argues in a new study that cutting taxes for multinationals might not achieve the desired result. Professor Chris William Sanchirico says the reason has relatively little to do with whether wealthy Americans and U.S. companies spend additional profit reaped from U.S. tax cuts.
December 13, 2013 |
TRENTON - Republicans and Democrats in New Jersey are again sparring over tax cuts as Gov. Christie prepares to enter his second term with national scrutiny surrounding his expected presidential bid. At a panel discussion Tuesday hosted by the New Jersey Business and Industry Association, top lawmakers split along party lines on the prospect of a tax cut for New Jerseyans. Reducing taxes, either through an income-tax cut or a credit tied to property tax bills, "begins to send a message across the state and across the nation that we're heading in another direction," said Assembly Minority Leader Jon Bramnick (R., Union)
November 13, 2013 |
PHILADELPHIA When it comes to postrecession recovery, Philadelphia is in the middle of the pack of large cities, according to a Pew Charitable Trusts report released Monday. While the city was almost near full recovery in 2011 - the last full year of data used for the report - Pew researchers warned that Philadelphia's unfunded pension and retiree health benefits posed great threats to the city's available revenue in years to come. The report, "America's Big Cities in Volatile Times," was based on data from 2007 through 2011 and looked at how the country's 30 most populous cities fared in the aftermath of the recession, which ended in June 2009.
November 8, 2013 |
UNION CITY, N.J. - Fresh off a 22-point reelection victory in a Democratic state, Gov. Christie on Wednesday left wide open the possibility of pursuing the presidency and said he didn't mind if reporters kept asking him about running. "It's flattering and I have no problem with it, but I want to be clear about this: I have a job to do; I was reelected to do a job," Christie said. "If the time comes where I change my mind and I decide I want to do something else, I'll tell the people of New Jersey I want to do something else," he said.
July 27, 2013
By Carter Eskew Republicans are greeting President Obama's summer push on the economy with derision. To House Speaker John Boehner and others, the president seems like an aging rock star whose recycled hits became stale years ago. Yet he still tours, playing to smaller and smaller arenas. While the president is unlikely to be celebrated for his economic record, his presidency marks the end of Republican orthodoxy on economic matters dating to the late 1970s. The Republican frame for 40 years has been that Democrats are the party of tax, spend, and regulation, while Republicans are the party of tax cuts, austerity, and deregulation.