Monday, December 22, 2014

Study questions Christie's view on millionaire's tax

With a millionaire's tax, your son or niece will never get a job in this tough economy, Christie reasoned at a recent town-hall meeting, because "the long, ugly, hairy hand of Trenton is coming to take that [hiring] money."

Study questions Christie's view on millionaire's tax

 A faint voice can be heard from the left side of statehouses across the land.

"Tax the rich," it cries.

New Jersey Republican Gov. Christie recoils at those words. More taxes in a state that has the highest local tax burden in the United States - 12.2 percent of income, according to the nonpartisan Tax Foundation?

Never, Christie has vowed.

Try to increase the so-called millionaire's tax, he warned, and all those business owners who hire people will flee to more tax-friendly environs. "This is a tax which has proven to be destructive to job creation in states, and that's why states all over the country are rejecting it," Christie said.

With a millionaire's tax, your son or niece will never get a job in this tough economy, Christie reasoned at a recent town-hall meeting, because "the long, ugly, hairy hand of Trenton is coming to take that [hiring] money."

But that doomsday scenario is bogus, according to a study to be published in the June issue of the National Tax Journal.

Click here to read -- and join in on the comments -- on the rest of the story, which appeared in today's Inquirer.

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