“investment ” = tax increases and taxpayer giveaways
NOVEMBER 26, 2015, 10:21 PM LAST UPDATED: THURSDAY, NOVEMBER 26, 2015, 10:27 PM
BY DUSTIN RACIOPPI
STATE HOUSE BUREAU |
THE RECORD
For nearly six years, Governor Christie has presented himself as the last line of defense between Democrats and taxpayers’ wallets, resisting spending increases and vetoing “more tax increases than any governor in American history,” as he often tells voters.
With two years left in Christie’s final term, and with the state facing a host of costly and pressing issues, two of the most visible and most likely Democrats to run for governor have been offering clues into the fiscal policy of a post-Christie New Jersey.
Central to each of their plans for reviving the economy, upgrading the state’s aging network of roads and bridges and growing the middle class is what they call “investing.” The word they don’t use is “spending,” and spending tends to mean an increase in taxes.
Both likely gubernatorial candidates, Senate President Stephen Sweeney and Phil Murphy, a former ambassador to Germany, say that not all investment amounts to tax increases, but they also agree that some sort of future tax hike is inevitable. Specifically what kind of tax increases, and how many, is not being discussed. (A third likely Democratic gubernatorial candidate, Mayor Steven Fulop of Jersey City, has been more circumspect about his plans, but he came out forcefully this week against the Christie administration’s effort to bring development — possibly including a hotel and an amusement park — to Liberty State Park.)
