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George Will: Christie Understands “Entrepreneurial Federalism”

April 25, 2010

Chris Christie Credit Ed Murray/The Star-Ledger

George Will

Washington Post syndicated columnist George Will wrote a well thought out and well-reasoned editorial about Chris Christie and his approach to the budget and the economic future of New Jersey.  He used the term “Entrepreneurial Federalism” to describe the competition between New Jersey and its neighboring states.  The full text of  Will’s article can be found by clicking here.   

Will pointed out, 

He [Chris Christie] inherited a $2.2 billion deficit, and next year’s projected deficit of $10.7 billion is, relative to the state’s $29.3 billion budget, the nation’s worst. Democrats, with the verbal tic — “Tax the rich!” — that passes for progressive thinking, demanded that he reinstate the “millionaire’s tax,” which hit “millionaires” earning $400,000.  

  

Only in New Jersey does $400,000 make a “millionaire”.  Our Governor has faced criticism from the NJEA who has tried to frame the issue as “Millionaires vs children”.  Even after a majority of school board budgets were defeated we still see the NJEA‘s “Millionaires vs children” ad on Facebook.  

The governor recognises that “… between 2004 and 2008 there was a net outflow of $70 billion in wealth as ‘the rich,’ including small businesses, fled. And previous administrations had ‘raised taxes 115 times in the last eight years alone.'”  

Noting that property taxes have increased 70 percent in 10 years, to an average annual cost to homeowners of $7,281. Christie proposes a 2.5 percent cap on annual increases.  He has also refused to reinstate the “Millionaires Tax”.  

Will defends Christie’s position by telling his readers,  

Christie is using his power to remind New Jersey that wealth goes where it is welcome and stays where it is well-treated. Prosperous states are practicing, at the expense of slow learners like New Jersey, “entrepreneurial federalism” — competing to have the most enticing business climate.  

It is great to see the national media take note and supporting the hard choices our Governor is making.  New Jersey and its residents can thank their Republican Governor for enduring the special interest attacks and restoring New Jersey’s economic health.  We welcome a healthy dose of “entrepreneurial federalism”!

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