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Gov. Christie's Corporate Welfare Results

via Think Progress: "Since taking office in 2010, Gov. Chris Christie has approved a record $1.57 billion in state tax breaks for dozens of New Jersey's largest companies after they pledged to add jobs...The critics pointed out that even when the promised jobs have not materialized, the Christie administration has merely reduced, not withdrawn, the subsidies. And they say that the administration is mortgaging the state's future by forgiving so much tax revenue for the next 10 to 15 years."

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Added: Apr-7-2012 Occurred On: Apr-7-2012
By: Ripper727
In:
Politics
Tags: Chris Christie, New Jersey, tax breaks, Corporate Welfare, GOP, Republican, The Young Turks
Location: New Jersey, United States (load item map)
Views: 1593 | Comments: 51 | Votes: 3 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • In other news, New Jersey's economy is out-performing neighboring New York for the first time in years.

    Posted Apr-7-2012 By 

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    • @john1054 Ny created 3x the jobs NJ did in the last year and our unemployment is still over 9%.Unless you are a homeowner here you have NO clue what is going on here.

      Posted Apr-7-2012 By 

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    • @echo4250

      It would be a disaster if New York didn't create three times the jobs. After all, New York has three times the population.

      In terms of percent change in number of jobs, New Jersey has made a more impressive recovery and is projected to outpace New York this year.

      Posted Apr-7-2012 By 

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    • @john1054 Bullshit New York's economy is booming and will continue to boom.NY is sitting on huge amounts of shale gas which is providing their boom.NJ has NO shale gas.Our economy is going nowhere.

      Posted Apr-7-2012 By 

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  • Comment of user 'Momus' has been deleted by author (after account deletion)!
    • @Momus On top of that, he's govoner of a state that is in the top 10 for taxes, not that attractive for bussiness's looking for a home.

      And I agree that a tax break isn't a payout... those who get BACK more than they pay each year ARE getting a payout...and many of those folks vote for dem's...pretty sure you wont hear the young turds complaining about them.

      Posted Apr-7-2012 By 

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  • 30 years on now, I don't see the 30 years of tax cuts on the rich creating any jobs here. And whenever you bring that fact up, they switch the reasons of tax cuts from economic to ideological like children and their lies.

    Posted Apr-7-2012 By 

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  • armericans are goted we take their girls lol

    Posted Apr-7-2012 By 

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  • What is Obama's excuse for giving billions of dollars in corporate welfare to his favorite corporations Turk?

    You see Turk, the problem isn't Republicans or Democrats. The problem is statism. Giving the authority to the state to take from one group and give to another group. YOU like statism Turk. You just disagree with who receives the checks if it is given by "the other side". So, in principle Turk YOU are as bad as anything you talk about Gov. Christies. Your real argument is with More..

    Posted Apr-7-2012 By 

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  • Comment of user 'rclark951' has been deleted by author (after account deletion)!
  • The bloom is off the rose here in NJ.Christie will be a one term Gov.Property taxes are higher than ever despite what he claims.Unemployment is over 9%.Try to sell a house.Many are just giving up and walking away from them and leaving the banks stuck with them,which has decimated property values.Christies answer.Take the family to Israel for Easter on the taxpayers dime.This guy has been a disaster for the middle class of NJ.

    Posted Apr-7-2012 By 

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  • The last thing you want in a depressed economy is to have your manufacturers and other businesses flee to other states or overseas.

    Posted Apr-7-2012 By 

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  • I see this guy and think of the otherside of the Rush coin.

    Posted Apr-7-2012 By 

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  • agreed

    Posted Apr-7-2012 By 

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  • haha i bet the corporations share prices rose immediately upon this news. lower taxes = larger dividends. this is as naive as giving deposit and investment banks money with no conditions on how to spend it.

    Posted Apr-8-2012 By 

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  • Comment of user 'Momus' has been deleted by author (after account deletion)!
    • @Momus Tax cuts do not create jobs. Argue that one buddy

      Posted Apr-7-2012 By 

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    • Comment of user 'Momus' has been deleted by author (after account deletion)!
    • @Zardoz003 You simply cannot be serious. Question for you, do you own a business? Have you lived this proposed scenario yourself?

      Posted Apr-7-2012 By 

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    • @yorba Yes I had and yes I did. Look at the numbers throughout history, our record years of middle class growth, American Industry growth and high taxes were all before Reagan and his help the rich get richer trickle down dog shit.

      Posted Apr-7-2012 By 

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  • This guys pissed because Christie took away his 250 accumulated "sick Days" for his retirement

    Posted Apr-7-2012 By 

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  • Stupid fucking Cenk doesn't realize NJ is one of the most heavily taxed states in America, and their property tax is the highest in the nation. NJ used to be the wealthiest state in America but chased out corporations for their insanely high tax. It's still pretty prosperous but also up to their eyeballs in debt. John Corzine didn't help being he is a corrupt sack of shit that bankrupted MF Global and pretty much stole everyone's money, who knows what he did with state funds. So what do you do? More..

    Posted Apr-7-2012 By 

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  • Comment of user 'HeyMaker77' has been deleted by author (after account deletion)!
    • Comment of user 'Eva_Destruction' has been deleted by author (after account deletion)!
    • Comment of user 'Momus' has been deleted by author (after account deletion)!
    • @Eva_Destruction How about before you elect somebody they have to be of stable mind, character and not let hormonal levels effect ones judgement and emotions, Hence no woman in office...........

      Posted Apr-7-2012 By 

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    • @HeyMaker77 Your name fits your comment, just another hay maker

      Posted Apr-7-2012 By 

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    • @dankmofo That mentality is the reason the right is so justly despised.

      Posted Apr-7-2012 By 

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  • The Chris Christie myth goes on, they'll find all kinds of ways to justify this. He's a politician, they're all venal.

    Posted Apr-7-2012 By 

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  • Not taking peoples money is not the same as giving them money, no matter how you spin it. Do liberals really operate on the premise that everything belongs to the state or are they just being illogical?

    Posted Apr-7-2012 By 

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    • @camy011 It is practically the same. Unless you live in a fantasy world where government does not need to collect any revenue whatsoever.

      Posted Apr-7-2012 By 

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    • Comment of user 'Momus' has been deleted by author (after account deletion)!
  • Liberals are so fucking hilarious. Yes, let's take more of the corporation's assets and then go spend it on useless, idiotic, moronic government shit or use it to make a 2% dent in the unfunded pension liabilities owed to the blood sucking public sector unions. You fools are more stupid than I first realized. Tax breaks free up otherwise doomed assets to hire more people, purchase capital equipment, expand the business base, bonus your people, and do some R&M on your business. Why does t More..

    Posted Apr-7-2012 By 

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