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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: July 23rd

Between RGA gigs, Christie doesn't skip a beat bashing Trenton Dems at seaside LGI town hall LONG BEACH ISLAND – Gov. Chris Christie squeezed LBI between trips to IowaNew HampshireConnecticut and – tomorrow – Colorado – just long enough to puncture his favorite Trenton-based targets in front of a...

Op-Ed

Legislation needed to restore balance in election financing

By JEFF BRINDLE Much has been written about the magnitude of campaign spending by independent special interest groups.  But until now, there has been little discussion about the impact. During the 2012 Presidential and Congressional contests,... Read More >

Contributors

 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »
(7-23-14) Rabner Opinion Keeps “Christie for President” Alive - Gov. Chris Christie’s fight to prevent same-sex marriage in New Jersey ended with Chief Justice Stuart Rabner.... more »
The Perry-Paul Debate is Healthy for the GOP – and for America  The foreign policy debate in the media between prospective GOP Presidential candidates Texas Governor Rick Perry and... more »
(Washington DC)-- Two recent votes on Capitol Hill suggest an overdue and radical departure from our nation's Draconian and costly War on Drugs.  It's a long-overdue discussion (and not just... more »

Quote of the Day

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“We lived up to our end of the bargain. He didn’t live up to his end of the deal.” - Ed Connolly, president of the New Jersey Firemen’s Benevolent Association.

- The Bergen Record

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