Income tax cuts are the problem, not the solution

This state and this country don’t have a spending problem – it is a REVENUE problem. Despite the outright lies told and admitted to by even the most ardent right wing Heritage Foundation agrees that the Bush tax cuts permanently reduced revenues, not increased them. New Jersey has lagged the other surrounding states in job growth, and Christie has overinflated an anemic record when it comes to jobs.

So that means the money has to come from somewhere, and if it isn’t coming from “the 1%”, it is coming from everywhere else. Lower levels of service. More fees. Less for education. Less for public safety – police and firefighters. Less for libraries, for hospitals and public services. Less for fixing the roads and bridges.

The real long term cost

This country’s overall infrastructure is in dire shape, consistently receiving C-, D or F grades. Here in NJ, the last “report” in 2007 gave the state an overall C-, and little has been done to fix what was broken back then. The costs will only increase to fix things as time wears on. Think about how many jobs would be created for a massive infrastructure rebuilding plan. Think about the potential for a state to be the leader when it comes to something that will help the economy, the state residents and the overall fiscal health in so many ways.

And think about what happens when the millionaires get to keep more money, more services get cut, more people can’t afford basic necessities and, say, the George Washington collapses.

Those income tax cuts will sure look great then.

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