Let's not forget the taxes....

Monday, October 23, 2006

NJ Election 2006 – Taxes and The U.S. Economy
The editors of the Star-Ledger in their article, The best choices in the House races”, tell us that: “Taxes and the economy are a major focus of the campaign in the 7th District”. Why just the 7th remains unclear. We believe most voters in New Jersey are focused on those issues, although little ink has been spilled by the state’s largest paper on the facts surrounding federal taxes and the U.S. economy.We believe most voters favor keeping the U.S. economy growing as it has for the past 19 consecutive quarters since the “Bush tax cuts” were enacted. These tax cuts have facilitated a growing economy, low unemployment, federal tax revenues at record levels, the stock market hitting all-time highs, as well as, a shrinking U.S. budget deficit. Not to mention the side benefit of saving every New Jersey taxpayer money (see chart below).