Tax Foundation's Tax Policy Podcast
Joseph Henchman of the Tax Foundation: Corzine, Christie and Lonegan Tax Proposals
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Sinopsis
Fiscal policy in the Garden State reads like a "what not to do" for policymakers and stakeholders. The corporate income tax combines a high rate, onerous rules, and lavish subsidies for the politically connected. The sales tax is one of the highest in the country. The state is one of five in the country to adopt a heavy individual income tax on high-income earners, which has reduced economic activity in the state. New Jersey residents also pay more property tax per capita than...