Corzine Using Taxpayers Dollars For Campaigning

Click on the picture for a readable copy.

A notice from the Department of Labor and Workforce Development Employment Security Agency arrived in the mail today.

It was a notice of an increase in my Unemployment Insurance Contribution Rate. I can't figure out how much more I'll be paying from this notice without referring to tax tables and Column D and B.

However, the notice makes it very clear that the increase would be much worse if not for Governor Corzine:

"Without Govenor Corzine's intervention, these employer wage taxes would have jumped nearly $900 million beginning July 1, 2009. Because of these additional resources, the UI Trust Fund's tax table will instead only shift to Column B, and New Jersey employers will be spared from an additional tax increase of $546 million during FY 2010."

I think that means that the tax increase is $354 million instead of $900 million without Corzine's heroics.

The notice goes on:

While previous administrations weakened the UI Trust Fund by diverting more than $4.7 billion to other uses over a period of 14 years, Governor Corzine and the New Jersey Legislature stopped these diversions starting in 2006, and transferrred a total of $380 million in state funds from the General Fund into the UT Trust Fund in 2008 and 2009. The Governor also sighned legislation in March 2009 that helped New Jersey qualify for a $207 million award through the federal Unemployment Insurance Modenrnization Act. Taken together, those trasfers of monies into the UI Turst Fund helped bloster the balance in the UI Trust Fund on March 31, 2009-in time to count for the calculation of the tax rates for the upcoming fiscal year-thus minimizing the size of the automatic wage tax increase required this year.

Gee, thanks Governor! In other words, the Whitman, McGreevey and Codey administrations raided the "trust" fund of $4.7 billion. Corzine put $380 million back over the last two years, Obama kicked in $207 million, and employers have to make up the rest, unless we lay more people off.

Besides telling me how much more I have to pay without paying an accountant to figure it out for me, the other thing that is missing from this announcement is "Paid for by Corzine 09."