State of New Jersey secondary Archives: on Budget & Economy

Jack Ciattarelli: Pandemic restaurant restrictions devastated the economy

Ciattarelli has criticized Murphy's handling of the pandemic, saying that his administration's policies cost lives in nursing homes, that the state botched the vaccine rollout, and that Murphy's restrictions on restaurants devastated the economy. He also said Murphy has failed New Jerseyans by focusing on progressive goals like marijuana legalization instead of the state's long-standing fiscal problems.
Source: Philadelphia Inquirer on 2021 New Jersey Gubernatorial race Feb 1, 2021

Phil Murphy: COVID: Grants and loans to nearly 55,000 small businesses

The pandemic has slammed small businesses across America, so, our economic focus has been squarely where it should be -- on helping our hard-hit small businesses and encouraging new ones to grow. Through the New Jersey Economic Development Authority, nearly 55,000 small businesses -- by the way, many of them owned by women, people of color, and veterans -- have received a truly lifesaving grant or a loan, and some of our nascent startups have received guarantees for vital new capital.
Source: 2021 State of the State Address to New Jersey legislature Jan 12, 2021

Phil Murphy: Largest investment in infrastructure in New Jersey history

We are leaving for the next generation a rail system wholly different than the one we inherited. We are making historic investments in our roads and bridges. We are reimagining our airports and seaports. We are embarking on the largest infrastructure investment program in the history of our state. These transformative investments will reap tremendous returns for our economy, create good-paying jobs, and attract innovative companies to the state that want a world-class infrastructure system.
Source: 2021 State of the State Address to New Jersey legislature Jan 12, 2021

Jack Ciattarelli: Lower property taxes, grow the economy

New Jersey's property taxes are the highest in the nation and our state is ranked the worst place to do business. Jack Ciattarelli's top priorities are making New Jersey more affordable by lowering property taxes and growing the economy.
Source: 2020-21 New Jersey governor campaign website Apr 2, 2020

Rik Mehta: Supports a balanced budget amendment

Rik supports a balanced budget amendment because the federal government needs to live within its means, just like American families, seniors, and small businesses do each and every day. In the Senate, Rik would vote to make the Trump individual tax cuts permanent and vote to raise or eliminate the current $10,000 SALT cap to alleviate pressure on New Jersey homeowners who--thanks to Trenton Democrats--pay the highest state and local taxes in the nation.
Source: 2020 New Jersey Senate campaign website Mar 18, 2020

Hirsh Singh: The Federal Reserve has caused a lot of damage

The Federal Reserve has caused a lot of damage to the American economy. The biggest problem is that the Fed has failed to stabilize the value of the dollar. The result has been a boom-bust cycle that has limited growth, jobs and wages. Today's real unemployment rate is 10%, not 3.6%. America needs 10 million more jobs. To achieve this, the Fed must stop its meddling, stabilize the dollar at a non-deflationary level (in terms of commodity prices) and let businesses operate.
Source: 2020 New Jersey Senate website Feb 5, 2020

Hirsh Singh: New Jersey should get more of its tax dollars back

Singh said, "my number one agenda is infrastructure." Singh said, "New Jersey spends around $140 billion a year in federal taxes, but we get around $98 billion back. New Jersey's GDP represents 3.12% of the total U.S. GDP, making it the 8th largest GDP contributor in the nation. Singh wants the federal government to start respecting that impressive number by fixing the deficit New Jersey receives in federal funds, which currently sits at $42 billion.
Source: Daily Caller blog on 2020 New Jersey Senate race Dec 30, 2019

Rich Pezzullo: Balance your budget and provide affordable services

As a businessman, Rich understands the importance of balancing a budget and providing services at prices which a customer can afford.
Source: 2018 New Jersey Senate campaign website Jan 1, 2018

Seth Kaper-Dale: Create state bank to invest in economy

The idea of a public bank is that the capital investments made by the people of New Jersey to the state, stay in the state. The mission for the NJ state bank will likely include loans to counties and municipalities for infrastructure projects, buying out mortgages of homes in contested processes of foreclosure and providing low interest loans to NJ university students to make higher education affordable.
Source: 2018 New Jersey Governor website Aug 8, 2017

Jack Ciattarelli: 5% to 10% reduction in the state government workforce

Source: 2017 New Jersey Gubernatorial campaign website Jan 17, 2017

Josh Gottheimer: Invest in R&D and infrastructure, and shrink our debt

From our property and local taxes, to our state and federal taxes, homeowners here pay some of the highest taxes in the nation. It's part of the reason we've seen people and companies, small and large, packing up and leaving town, and taking good-paying jobs and their investment with them.

But here's the good news: New Jersey is in the economic heartland of America; the heart of our nation's financial infrastructure is only a few miles away and some of the top life science companies in the world call our state home. The question is: How can we maximize these assets and get our economy humming again?

We need to eliminate incentives for moving headquarters, jobs and production overseas, shrink our deficits, and reduce our debt. We also need to set aside the revenue for an Infrastructure Bank to rebuild our transportation and infrastructure. We should also invest in R&D, so we can continue to pump out first-rate innovation.

Source: 2016 New Jersey House campaign website Nov 8, 2016

Jeff Bell: Restore the gold standard

Question topic: Free enterprise and the right to private property turn mankind's natural self interest into the fairest and most productive economic system there is, and are the key to national prosperity.

Bell: Strongly Agree.

Question topic: Briefly list political or legislative issues of most concern to you.

Bell: Giving back control of our money from the Federal Reserve to the people by restoring the gold standard.

Source: Faith2Action iVoterGuide on 2014 New Jersey Senate race Sep 30, 2014

Murray Sabrin: Free enterprise is the key to national prosperity

Question topic: Free enterprise and the right to private property turn mankind's natural self interest into the fairest and most productive economic system there is, and are the key to national prosperity.

Sabrin: Strongly Agree

Source: Faith2Action iVoterGuide on 2014 New Jersey Senate race Jul 2, 2014

Jeff Bell: Fed's zero interest rate policy extends Great Recession

Bell says voters have a question he can answer: Why is the economy still so bad? "Voters are not just upset about the economy," Bell said. "They were certainly upset, but they were also puzzled: why so few jobs are being created so long into a recovery."

"I offered an answer to that problem," he added. At the center of the economy's lackluster recovery, he said, is the Federal Reserve's zero interest rate policy, which he blames for the lack of job creation and for denying people the ability to save. The U.S. needs to undergo a "fundamental monetary reform," he said.

That belief is what prompted Bell to run again in the first place, he said. Since 1982, he has continued working on tax and monetary reform at a series of Washington DC-based think tanks and consultancies. "It just struck me that the whole cycle was going to go forward with no further debate on Fed policy unless I decided to come back to New Jersey and run," he said.

Source: The Wall Street Journal on 2014 New Jersey Senate race Jun 4, 2014

Murray Sabrin: Federal Reserve is one big scam

Sabrin said his main priority is restoring financial sustainability, and he raised particular concern with the Federal Reserve System, calling it "one big scam." He also presented a plan to restore sustainability.

"That means having market-based interest rates, reducing spending to what the people will pay for in taxes so they don't have deficits, and freeing up the economy from the strangulation of regulations, which are now 80,000 pages in the Federal Register," he said. "For the average person who wants to start a business, they look at all the regulations that they have to go through and they say, 'I can't do this.'"

Source: The Times of Trenton on 2014 New Jersey Senate race Mar 10, 2014

Cory Booker: We will not be able to cut our way out of the jobs crisis

While the economy has started to come back, good-paying jobs didn't come back. Washington, however, doesn't seem to get it. We will not be able to cut our way out of the jobs crisis. The defeat of many aspects of President Obama's jobs plan, on the basis that it meant a short-term spending bump, is emblematic of Congress's inability to reconcile smart spending and investment now with long-term deficit reduction efforts that will help ensure our economic prosperity.

We must act to empower those who are suffering now, removing roadblocks that prevent them and their families from getting back on their feet. Doing that is about more than simply protecting the most vulnerable or those at risk of falling from the middle class into poverty. It means providing help to people who are likely to spend the extra money they have in their paychecks every month--a hand up that will create benefits throughout the economy.

Source: 2013-2014 New Jersey Senate campaign web Nov 3, 2013

Jeff Bell: Return to gold-dollar convertibility now

As a veteran of Ronald Reagan's gubernatorial & presidential campaigns, Bell clings to the antique notion that the purpose of a political campaign is to embody an idea & that a successful campaign can force the political class to take the idea seriously, no matter how far outside the mainstream.

"I'm a one-issue candidate," he says. "I don't really want to get into state issues. With no money, my only real opportunity is to be known for just one thing." So Bell, an eloquent and ardent pro-lifer, defense hawk, and foreign-policy interventionist, ties nearly every issue he's asked about back to the destructive power of paper money.

"Why is it so important to return to gold-dollar convertibility now?" his letter asked the unsuspecting Republican voters of New Jersey. "Things have gone too far for limited half measures to work." A return to the gold standard, he concedes, would of course result in higher interest rates, as the dollar sought its own level of value without direction from the Fed.

Source: Weekly Standard on 2014 New Jersey Senate race Sep 1, 2013

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