What Will He Do Now?

Governor Corzine is boxed in.

First he was going to keep New Jersey's government bloated by eliminating the income tax deduction for property taxes. He came to Monmouth County and the Eatontown residents he met with talked him out of that. Instead he said he would raise income taxes on those who make over $500,000 to 10.25%. Senate President and sometimes Governor Richard Codey said raising taxes on those high income earners would hurt the economy and that he will not go along with that. Even with Codey on board, Corzine might not have gotten the tax increase through the Senate. Without Codey on board, it is dead.

The solution to declining revenue is obvious. Families and business are doing it. You cut back spending. Yet our Governor refuses to do that. With the money he is getting from Obama, Pelosi and Reid, Corzine is still trying spend as much in the upcoming year as he is in the current year.

Look for Corzine to seek more money from Washington, cut the property tax rebate program back even further and to propose a surcharge on the bikini wax.