New Podcast: Joseph Henchman of the Tax Foundation – Corzine, Christie and Lonegan Tax Proposals
May 27, 2009
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 residents of any other state.
In this edition of the Tax Policy Podcast, Tax Foundation manager of media relations Matt Moon talks with director of state projects Joseph Henchman about the tax proposals of three gubernatorial candidates in New Jersey: incumbent Gov. Jon Corzine (D), former U.S. Attorney Chris Christie (R) and former Bogota mayor Steve Lonegan (R). Next Tuesday, June 2, New Jersey will be holding primary elections, and the gubernatorial candidates have been talking taxes, mirroring the national concern with revenue and spending.
Click here to see Henchman’s report on Corzine’s tax plan, and click here for his report comparing the Christie and Lonegan plans. For more on New Jersey and other state fiscal news, visit our Center for State Fiscal Policy.
Click on the audio above or download the podcast here.