Moreover, Christie is working on a dream if he thinks we can cut income taxes by more than $1 billion over the next three years while continuing to fund school aid and meet all of New Jersey’s other budgetary obligations. Even worse, his proposed cuts will not really help middle-class families in any meaningful way. A family earning $50,000 would save only $80.50. Those earning $100,000 would get back just $275. Yet, millionaires would receive a whopping $7,265. Once, again, Christie is taking care of his own.
While Christie’s “Jersey Comeback” sound bite might play well to D.C. beltway crowds and fawning right-wing rallies, the real story at home doesn’t match the rhetoric. Month in and month out, New Jersey continues to lag the rest of the nation when it comes to jobs. Property taxes continue to skyrocket, while residents receive diminished services. Tolls, bus fares and train tickets are all up. Commercial property foreclosures spiked 10 percent over the last year alone. And late mortgage payments jumped from 7.43 percent to 8.32 percent from 2011’s third to fourth quarter.
We all know that the governor is a self-professed Springsteen fan who has attended a boatload of E Street Band concerts. But obviously Christie only listens to the melodies, because he is missing the true meaning behind the words. In crafting a budget, a real leader should internalize Bruce Springsteen’s long-held mantra: "Nobody Wins Unless Everybody Wins." Instead, Christie has consistently aimed a wrecking ball straight at the heart of New Jersey’s middle-class.
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