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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: September 30th

Dems fail to pry sufficient number from abstemious GOP caucus to pass debt report bill TRENTON - The Assembly this afternoon could not summon the necessary votes to override Gov. Chris Christie's veto of A961, as Assembly Minority Leader Jon Bramnick (R-21) prevented Democrats - some of them outraged...

Op-Ed

Legislation needed for publicly financed gubernatorial elections

By JEFF BRINDLE It is critical that the Legislature soon enact a pending bill that would ensure the state’s Gubernatorial Public Financing Program is available in the event of a special election for governor.  Not only is there no current legal... Read More >

Contributors

In tribute to John Sheridan, a good and great man     I first learned late last night from television news that John P. Sheridan, Jr. and his wife, Joyce had... more »
(9-24-14) The Founding Fathers and the Militarization of the Police - No matter what the grand jury in Ferguson, Missouri decides, the debate over the militarization of... more »
(Trenton, NJ) --  On September 23, 2015 I shall dig this up and eat whatever crow I've got coming, but in the meantime only a listicle... more »
 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »

Quote of the Day

quote of the day

"When you're asked to cast a vote on a bill and it seems innocuous, and it's got a hidden land mine that perhaps only an expert would see, it would sort of behoove those experts to tell us in advance rather than make us look, shall we say, a little bit indecisive later on." - Assemblyman Michael Patrick Carroll (R-25).

- NJTV

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