NJ’s new state budget “compromise:” Taxes, with a side of taxes, on top of more taxes

And of course wealth redistribution. Because when you rob Peter to pay Paul you can always count on the support of Paul. So, “free” community college! More money for the teachers union! Bump up the Earned Income Tax Credit so more people get paid not to work!

It’s a joke.

Tax Airbnb. Tax Uber and Lyft. Tax vaping. Tax corporations, because they don’t vote. Tax “multi-millionaires,” because fairness.

The millionaires tax became a “multi-millionaires tax,” as Murphy said. It will now kick in for money earned after the first $5 million.

The vast majority of New Jerseyans won’t pay this increased tax. Only 1,760 taxpayers will pay more.

It is my fervent hope that those 1760 targeted folks emulate David Tepper and hit the Turnpike south asap. Get out while you still can. You know Murphy will be back next year to sock it to you again.

Corporations will pay a 2.5 percent surtax this year and next and then 1.5 percent in years three and four before phasing out entirely.

Any chance Newark had of landing Amazon’s new HQ just went down in flames. Unless, and you know this is coming to the table, Murphy gives them a sweetheart deal. Some corporations are more deserving dontcha know.

But hey, there’s “good news” too. The state won’t shut down so parks and beaches will remain open while we celebrate a national holiday dedicated to a rebellion against excessive taxation. Do you think the Democrats see the irony in that?

Advertisements

500 Days of Winning, here are 2 lists of President Trump’s accomplishments

You won’t find the media telling you any good news about President Trump (or America), so the White House put out their own list of the Trump administration’s major accomplishments. Since CNN is currently camped outside a strip club in Biloxi, Mississippi waiting for Stormy Daniels to weigh in on Trump’s impending impeachment, and Pravda On The Hudson is digging through Robert Mueller’s trash in the hopes of finding a smoking memo, I’ll help you guys out and summarize the list.

First up, massive tax cuts! What’s not to like about that? (Nancy Pelosi, please don’t answer.)

Then we see zillions of federal regulations are being slashed! The Trump Doctrine: They’re from the government and they’re here to leave you alone.

President Trump is well on the way to rebuilding our military, including new aircraft carriers and increased missile defense.

President Trump is taking care of our veterans, installing Real Accountability at the heretofore dysfunctional VA. Is it perfect yet? Nope. But there’s a path, and a plan, and for the first time in a very long time, hope.

On his signature issue — enforcing immigration laws — President Trump is delivering the goods. The DoJ is cracking down on sanctuary cities, prototypes of The Wall are going up on our southern border, deportations are up and illegal entries are down. And MS13 is feeling the heat with law enforcement cracking down on them daily.

The federal judiciary is rapidly reshaping into a bastion of constitutional conservativism, not just at SCOTUS with Neil Gorsuch but at the Appellate and District levels too. I gotta let Mitch McConnell share some of the credit for this, he took Harry Reid’s nuking of Senate precedent and ran with it. Judicial confirmations in Trump’s first year exceeded that of any other president ever.

Is the economy booming, or what? Unemployment is at an all-time low. Consumer confidence is at a 17 year high, and workers are taking home more money in their paychecks.

And last, but not least, the EPA put out their own list of achievements, highlighting their role in making America great again. We’re out of the ridiculous Paris Climate Accords. The inaptly named Obama-era “Clean Power Plan” is gone, and the puddles in your driveway are no longer regulated as “Waters of the United States.” Fracking is booming and the US is now a net exporter of oil and natural gas. Left-wing zealots are no longer setting environmental policy and there are no more “sue and settle” slush funds greasing their sleazy palms. The Keystone XL pipeline is humming, unattainable auto mpg standards are rolled back, and scientists set policy instead of “activists.”

All in all it’s been an excellent start for President Trump. And no, I’m still not tired of winning.

The Phil Murphy Effect: Record low number of people like living in New Jersey

Barely half of the people living in New Jersey actually like living here. Which is a record low, thanks in no small part to the joys of Murphyism.

A record low percentage of New Jerseyans say the Garden State is a good place to live, according to a new poll.

The Monmouth University Poll released Tuesday found 54 percent of New Jersey adults say the state is either an excellent (15 percent) or good (39 percent) home, while 29 percent say it’s fair and 17 percent say it’s poor.

That’s the lowest percentage recorded since this poll was started way back in 1980.

Way to go Phil! You “beat” Jim Florio, Jim McGreevey, and Jon Corzine. That’s gotta be worth tagging on your resume.

And what issue dominates the ranking, year after year? Taxes. Led by our state’s highest in the nation property taxes. As in the one item Phil Murphy has guaranteed he’ll make worse, to the tune of at least $1.8 billion in new levies larded onto his fiscal 2019 budget.

Who voted for this turkey?

Because an old line from Ed Koch has never been truer than it is today — “The people have spoken and now they must be punished.” Phil Murphy’s giving it to us, good and hard. And he’s only getting started. #BOHICA

The Phil Murphy Effect: “My Clients Are Fleeing NJ Like It’s on Fire.”

Well, I guess the guys at Allied Van Lines like Phil Murphy. Everyone else, not so much.

That headline arrives via email from a money manager in northern New Jersey. The Garden State already has the third largest overall tax burden and the country’s highest property tax collections per capita. Now that federal reform has limited the deduction for state and local taxes, the price of government is surging again among high-income earners in New Jersey and other blue states. Taxpayers are searching for the exits.

In the financial industry of course it’s not just the clients who are looking for greener pastures. One hedge fund manager moving his office to a southern state reports that his new home on a golf course will be more than double the size of his house in Chatham, N.J. while generating just one third of the current property tax bill.

Others are staying out of necessity, but that doesn’t mean they want to bet on a Jersey comeback. “The apartment market in New Jersey is booming because nobody wants to own here. As soon as people are not tied to the area for business reasons, they leave,” says Jeffrey Sica, founder of Circle Squared, an alternative investments firm. “We structure real estate deals for family offices and high-net-worth individuals and at a record pace those family offices and individuals are leaving the TriState for lower-tax states. Probably a dozen this year at least,” he writes via email.

Last one to leave, please turn off the lights.

 

Feets don’t fail me now! “GOP’s SALT cap may speed exodus from high-tax states, report says”

Do high state and local taxes chase people away?

Is the pope Catholic?

As if you needed more proof, but here’s a report which discovered the obvious.

Over the past decade, about 3.5 million Americans have relocated from high-tax blue states like California and those in the Northeast, to low-tax red states like Texas and Arizona — and the change is likely to accelerate.

So say Arthur Laffer and Stephen Moore, co-authors of a report from the American Legislative Exchange Council, in a Wall Street Journal essay.

Laffer and Moore estimate that both California and New York will lose on net about 800,000 over the next three years, roughly double from the previous three years, while Connecticut, New Jersey and Minnesota combined with lose around 500,000 people in the same period.

Get out while the getting is good!

Hey, did I mention that Phil Murphy is just itching to raise taxes in New Jersey?

Texas or bust!

Phil Murphy is itching to tax you, me, and the guy behind the tree

The Democrat-controlled NJ state legislature isn’t raising taxes fast enough for Phil Murphy.

With about two months to go until a state budget must be signed, Murphy signaled to top state lawmakers — who hail from his own party — to get on board with his plans to raise taxes because it’s “the right thing to do.”

Now here’s why I needed to get back to this blogging thing. Write this down folks, in case you ever forget. Raising taxes is never, and I mean never!, “the right thing to do.” Honest. You should print it on T shirts. Because anyone who thinks we don’t have enough government is delusional. There’s government as far as the eye can see, and there’s government hiding in every nook and cranny around the corner too. We don’t need higher taxes. We need to cut government spending. Preferably with a chain saw.

Alas the moocher class got their designer shorts in a knot over Chris Christie closing a bridge and they rejected a perfectly reasonable moderate GOP woman in favor of a radical progressive BernieBot. Smurph’s got all kinds of grandiose plans to hand out “free” stuff off the backs of the working class. Free community college. Free day care. Free pre-school. Free everything for illegal aliens. He told you he was gonna pay for it all with magic unicorns; turns out you’re going to be the ones paying for it instead.

Ayup, Chris Christie’s sales tax cut is a goner. C’mon, you didn’t really think the Dems would take that money off the table, did you? And they’re gonna extend the sales tax to all your hipster gig services like Uber, Lyft, and Airbnb. That’s what you get when you vote for Democrats. They promise you the moon, then they pick your pocket.

Bend over Jersey. Phil Murphy’s in charge now and you haven’t begun to pay your fair share.

 

Soylent Pinko: Obama’s food police want you to go vegan

To “save the planet,” of course.

The federal committee responsible for nutrition guidelines is calling for the adoption of “plant-based” diets, taxes on dessert, trained obesity “interventionists” at worksites, and electronic monitoring of how long Americans sit in front of the television.

The Dietary Guidelines Advisory Committee (DGAC) released its far-reaching 571-page report of recommendations to the Department of Health and Human Services (HHS) and the U.S. Department of Agriculture (USDA) Thursday, which detailed its plans to “transform the food system.”

DGAC said its recommendations to eat less meat are intended to “maximize environmental sustainability” out of concerns for climate change.

Every time you eat a steak, Mother Gaia cries.

Oh, BTW, they’re going to tax your dessert too.

DGAC called for diet and weight management interventions by “trained interventionists” in healthcare settings, community locations, and worksites.

“Government at local, state, and national levels, the health care system, schools, worksites, community organizations, businesses, and the food industry all have critical roles in developing creative and effective solutions,” they said.

DGAC also called for policy interventions to “reduce unhealthy options,” limit access to high calorie foods in public buildings, “limit the exposure” of advertisements for junk food, a soda tax, and taxing high sugar and salt items and dessert.

Michelle Obama’s Food Police are coming for you. Put down that eclair, step away from the table, and nobody gets hurt.

Wanna bet these “guidelines” get written into Obamacare regulations?

Hey, if they can tax you for not buying health insurance they can certainly tax you for buying Oreos. And trust me, they will.