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By Press Office | May 15th, 2009 - 12:46pm
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Dr. Laffer calls the Lonegan Plan the best medicine for state economy NASHVILLE – Former economic advisor to President Ronald Reagan and “Father of Supply-Side Economics” Dr. Arthur Laffer today endorsed the Steve Lonegan Flat Tax plan for New Jersey. "Steve Lonegan's economic plan is the best medicine for New Jersey's ailing state economy," Dr. Laffer said.  "The Lonegan Flat Tax would replace New Jersey's stifling progressive income tax and its top rate of 9 percent with a simple, flat tax of 2.9 percent that would unshackle entrepreneurship and capital formation and give New Jersey residents a huge incentive to work, save, and invest.   His plans to cut spending and repeal business taxes would also help turn New Jersey from an economic laggard into a leader among the states." "The Lonegan Flat Tax plan would unleash the animal spirits of New Jersey's most productive citizens and create a wave of economic growth that will leave all New Jersey citizens better off," Laffer said.  "I'm an income tax refugee myself, so I know the Lonegan Flat Tax plan will reverse the drain of New Jersey's best wealth producers leaving the state and once again make New Jersey a magnet for jobs, growth, and prosperity "Steve Lonegan welcomed the endorsement, saying: "Dr. Laffer's support proves that the baseless attacks on my Flat Tax  and overall economic plan are based on bad economics and bad politics.  The first order of business for the next governor is to get the state's economy back on track and create a rising tide that will lift all boats.  That's precisely what my plan will do and that's why I should be the next governor of New Jersey."

Wake-Up Call

Morning Digest: August 22nd

Fight of the Week: Donovan v. Pascrell Fight of the Week Bergen County Executive Kathe Donovan v. U.S. Rep. Bill Pascrell (D-9) (Pizarro/PolitickerNJ) http://www.politickernj.com/79736/fight-week-donovan-v-pascrell     Paramus mayor's race: Candidates in closely-divided Bergen borough spar over taxes, towing issues PARAMUS - When voters go to the polls in November...

Op-Ed

White House’s Tuition Challenge Being Met in NJ

By MICHAEL W. KLEIN In his weekly radio address on August 16, President Obama challenged colleges “to do their part to bring down costs” and lighten the tuition burden on students.  The state colleges and universities in New Jersey have... Read More >

Contributors

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 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »

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"But things get touchy between LaBarbiera and LoCicero when it comes to taxes, the bete noire of politics in the statewide election bellwether, Bergen County."

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