Essex County, NJ, September 17, 2013 – Senate candidate Lee Holtzman pointed out the hypocrisy of his opponent asking middle-class taxpayers to pay for 170 new and increased taxes while he still refuses to explain why a business he owned failed to pay over $50,000 in back taxes to the IRS. A Star Ledger article published on July 25, 2012 explained that in addition to owing the IRS, Codey and his business partners failed to pay more than $18,000 in state taxes and detailed liens against the company for unpaid bills to vendors.
Lee Holtzman wants Codey to explain why taxpayers should give more of their money to Trenton, despite the career politician’s rich history of delinquent taxes.
"Looking for the prime example of walking, talking hypocrisy in Trenton?” asked Holtzman, a property tax attorney. “Look no further than Dick Codey who spent forty years socking it to taxpayers with 170 tax and fee increases while running away from his own tax bill on his failed business venture. This is the same guy who refuses to come clean on how much money he was racking in from taxpayer funded contracts through his insurance company while he forced middle-class families to pay for record increases in property taxes, healthcare costs, gas prices, and home heating bills.”
Codey’s failed business was forced to shut down less than two years after it opened its doors due to nonpayment of rent. Unpaid bills and taxes lingered for years after the eviction.
“Codey ran his business into the ground the same way he brought New Jersey to the brink of bankruptcy in Trenton,” added Holtzman. “Codey’s failed private venture should leave no one wondering why, after forty years of his policies in Trenton, we have the highest property tax burden in the nation and highest unemployment rate in the region."
Rick Rosenberg, Jr.
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