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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."
In the event that state Sen. Diane Allen (R-7) doesn't run for re-election in 2017, the party has a short list of possible candidates it could field to try to head off either Assemblyman Herb Conaway (D-7) or Assemblyman Troy Singleton (D-7).Read More >
With looming deadline on bail reform, Christie calls Legislature into special session TRENTON - Gov. Chris Christie is calling the legislature into special session Thursday to address recent bail reform legislation before a looming deadline next week, according to a letter from the governor’s office today. (Brush/PolitickerNJ)...
By Linda Stender At his most recent town hall, Gov. Chris Christie accused his predecessors of "monkeying with the math" when it comes to their handling of our state's economy. But as the old saying goes, when the governor points a finger, he... Read More >
"Assembly Speaker Vincent Prieto, a Hudson County Democrat, is balking. He claimed Tuesday that members of his caucus are divided over the measure and that his house is in no real rush – besides, even if enacted this year, the reforms would not take effect until 2017, he said. And with the growing belief that Christie could skip town to run for president, some Democrats are not eager to give him another talking point for his résumé. Christie’s plans to stump for Republican candidates in New Hampshire later Thursday only fuel that suspicion." - columnist Charles Stile- The Bergen Record
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