Public Spending, ECONOMIC OPPORTUNITY FOR ALL
WSJ Opinion: The Sorry State of New Jersey
New Jersey has suffered from its meager economic growth, writes The Wall Street Journal. Since 2010, the state’s GDP has grown at an annual rate of only 0.9% – less than half of the rate in the rest of the country. And with a top rate of 8.97% on households over $500,000, taxes are the second highest in the Northeast, just behind New York City. With Phil Murphy running the State House in Trenton in January, expect the tax-and-spend decline to accelerate.
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