I don’t know who Lawrence Uniglicht is, but he nailed it this morning. Posted in full, from the Daily Record’s Letters section:
Why is New Jersey jumping through hoops to balance its budget as required by law? Why is our governor attempting to break a contractual obligation to contribute sufficient funds to public employee pensions, an unconstitutional act per a state judge? Why do New Jersey homeowners pay much higher real estate taxes than homeowners in most other states?
We should note New Jersey sends way more tax payments to Washington than it receives in reciprocal government spending from our nation’s capital. Our taxpayers in effect subsidize a host of other states, many in the South, that receive more from Washington than they pay out.
For example, New Jersey receives 61 cents per dollar sent, while Mississippi receives $2.02, Louisiana receives $1.78, Alabama receives $1.66, Arkansas receives $1.41, and South Carolina receives $1.35.
Indeed, many states subsidized by short changed states like New Jersey attract residents by offering real estate at relatively low prices taxed at a much lower rate than our fair state. Could it be New Jersey residents are getting the shaft while those other states are getting the gold mine?
Maybe that is why we have difficulty balancing our state budget, can’t meet our pension obligations. Maybe Washington ought to throw us a well-deserved bone, send back enough money to pay our current obligations. Through the years, we have been fleeced by much of the rest of the country for literally hundreds of billions of dollars in lost revenue.
Frankly, I’m tired of subsidizing all those anti-Washington southern Republican-leaning states, continually biting the hand that feeds them with harsh rhetoric, still fighting “The War of Northern Aggression” while indirectly taking New Jersey’s money.
Our two Democratic senators ought to sponsor federal legislation to grant proportional rebates to highly taxed states suffering a net loss in revenue to our nation’s capital. New Jersey, for one, getting an anemic bang for its buck, losing almost 40 cents per federal tax dollar, would likely secure enough revenue to balance its budget, pay its public pension obligations, and send enough money to municipalities to substantially reduce real estate taxes.
New Jersey taxpayers paid about $90 billion in federal taxes last year. Our net loss to Washington was therefore about $36 billion. A 50 percent rebate of $18 billion would cover a $2.25 billion pension payment that is due; help balance the state’s budget, leaving $15.75 billion to be disbursed among the state’s municipalities earmarked to reduce real estate taxes.
It’s only fair.