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Opinion

Gas Prices and the Trenton Money Grab

Gas Prices and the Trenton Money Grab
BY JOE SINAGRA
NEWJERSEYNEWSROOM.COM
OPINION/COMMENTARY

Mark Zandi, chief economist at Moody's Analytics estimates that U.S. consumers could find an extra $100 billion in their wallets this year.

William Dudley, president of the Federal Reserve Bank of New York says the plunge in gas prices will translate largely into spending rather than savings, because the greatest benefit will go to lower-income families. Those families, which often live paycheck to paycheck, "have a higher tendency to spend any additional real income."

Falling gas prices will free up billions of dollars for consumers to spend next year, with the middle class seeing most of the benefits.

One study estimates that for every 1-cent drop in the retail price of gasoline for a year, American consumers save $1.2 billion.

 

Any Gas Tax Increase Should Include Tax Credit for Low-Income New Jerseyans

Any Gas Tax Increase Should Include Tax Credit for Low-Income New Jerseyans
BY JON WHITEN
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION/COMMENTARY

As New Jersey policymakers close in on a deal to boost New Jersey’s transportation funding, a bold solution that raises at least $1 billi...

The State of the Stats in N.J.: It Isn't Pretty

The State of the Stats in N.J.: It Isn't Pretty
BY JON WHITEN
SPECIAL TO NEWJERSEYNEWSROOM.COM
COMMENTARY/OPINION

Below is a statement from New Jersey Policy Perspective president Gordon MacInnes on today's State of the State address, as well as the "...

N.J. Green Acres Transgression is a Breach of the Public Trust

N.J. Green Acres Transgression is a Breach of the Public Trust
BY MICHELE S. BYERS
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION/COMMENTARY

For over 54 years, Green Acres has stood as one of the state’s most popular and trusted programs, preserving hundreds of thousands ...

State of the State is ... Neglected, says N.J. Dem State Committee Chairman Currie

State of the State is ... Neglected, says N.J. Dem State Committee Chairman Currie
SPECIAL TO NEWJERSEYNEWSROOM.COM

TRENTON – Tomorrow (Jan. 13), in anticipation of Governor Chris Christie's State of the State address, New Jersey Democratic State Committee Chairman John Currie is out...

How the Giants and Jets Stadium Deals Ripped off N.J.

How the Giants and Jets Stadium Deals Ripped off N.J.
BY JOE SINAGRA
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINON/COMMENTARY

In 2006 Gov. Corzine along with Richard Codey gave their blessing for the development of a new football stadium for the Giants and Jets a...

A Budget Bill from Hell: Happy Pork Year!

A Budget Bill from Hell: Happy Pork Year!
BY JOE SINAGRA
SPECIAL TO NEWJERSEYNEWSROOM.COM
COMMENTARY/OPINION

An omnibus bill is a proposed law that covers a number of diverse or unrelated topics . . . or in some instances what it doesn’t cover.

P...

Responsibility, a Thing of the Past?

Responsibility, a Thing of the Past?
BY JOE SINAGRA
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION/COMMENTARY

When did it become everyone else’s fault and whatever happened to personal responsibility?

Ronald Reagan had said “we must reject the ide...

Sit Down, Shut Up & Fund Political Comedy and Help NJ Food Bank

Sit Down, Shut Up & Fund Political Comedy and Help NJ Food Bank
BY MICHAEL HAYNE
NEWJERSEYNEWSROOM.COM
COMMENTARY/OPINION

Here's the thing: Chris Christie is all about Chris Christie and has refused to restore the much needed "heat and eat" benefits to SNAP, which re...

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