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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (51499)	1/26/2006 7:55:24 AM
From: shades	Read Replies (1) of 110194

Corzine is a powerful man according to the philster: What was it you said Mish about increasing taxes and laying off people? DJ NJ Gov Urged To Consider Expanded Sales Tax, Govt Layoffs TRENTON, N.J. (AP)--John Corzine's transition team is reportedly urging the governor to consider some tough financial love for New Jersey taxpayers and public employees. A report obtained by The Press of Atlantic City shows the "budget and re-engineering government" policy group has recommended Corzine expand the sales tax, consider layoffs, increase the gas tax and phase out the public employee pension plan. The report says the new governor should also consider levying a sales tax on clothing. The report warns ignoring the recommendations could have "grave consequences." A Corzine spokesman tells the newspaper the state treasurer is reviewing the report.

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