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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 15th

Winners and Losers: Week of Sept. 8th WINNERS Ray Lesniak Governor Chris Christie this week reversed himself on sports wagering, acknowledging the good sense of a bill the veteran 20th District state senator had previously seen vetoed by Christie. (Politicker Staff) http://www.politickernj.com/81196/winners-and-losers-week-sept-8th       Bergen County Exec's race:...

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

(9-10-14) Chief Justice Rabner Faces Funding Challenges as Top Court Administrator - Escalating legal fees for litigation is an unintended consequence of underfunding the Court System. ... more »
The Correct Foreign Policy – Neither Fortress America Nor Pax Americana      Last week marked the 75th anniversary of the beginning of World War 2.  It started with the... more »
(Asbury Park, NJ) -- There's a word for someone who says one thing and does another: hypocrite.  There's no shortage of 'em in Trenton -- from ... more »
 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »

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- Voltaire

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