The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Ridgewood NJ, Josh Gottheimer and the socialist Democrats have continued to falsely vilify the GOP tax cuts that provided Americans with more money in their pockets.
And with Tax Day come and gone, there are some uncomfortable facts emerging that directly contradict Gottheimer’s bogus narrative.
Continue reading H&R Block: average tax liability nationwide was down 25 percent while refunds were up 1 percent
Wake up NJ. Boeing, ATT (who move down out of NJ), Comcast, Wells Fargo, and about 12 more companies so far have announced employee bonuses, wages, increased capital spend, and hiring all due to tax cut. That is all great for middle class and everyone else
Illoinis (another high tax state) like NJ calculate it is losing people at the rate of one every 4 minute every to low tax states. Wonder how NJ is doing for mid to high income families leaving the state? How many will leave when Murphy gets his way.
How can anyone defend a 11-13% state income tax in a state that is bankrupt. How can anyone defend ridgewood property tax that is some cases are 50-100k on houses that lose value every year, with schools getting worse, services declining, and no end in sight. Can we really defend a 110 million annual school budget? How many adminstrators do we need? How many vehicles does the schools need? We neeed to really look into this budget and trim the fat. The kids are getting shortchanged. Walk into the high school and look at the teacher absense list and how many kids get assigned to just sit in a large room with a supervisor but no lessons.
We need to wake up, the federal government is finally doing something. Local should be easier with proper leadership.
President-elect Donald Trump’s proposed tax policies will have a positive effect much the same President Ronald Reagan’s did, says economist Art Laffer.
Laffer, a former member of Reagan’s Economic Policy Advisory Board, told the Financial Times that Trump should not worry about America’s growing trade deficit, and he should welcome a strong dollar.
Laffer is a proponent of supply-side economics, which calls for lower taxes and regulations on businesses. The theory is ridiculed by liberals as “trickle-down,” which they contend never fully trickles down to those as the bottom as proponents assert.
But his “Laffer Curve,” which he sketched on a napkin in 1974 for Nixon officials Dick Cheney and Donald Rumsfeld, maintains that there is a certain tax rate between zero and 100 percent that will generate the most possible government revenue. That percentage, Laffer says, is relatively low.
https://www.newsmax.com/politics/art-laffer-supply-side-trump-tax-policies/2016/12/07/id/762793/