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The Week Just Passed: Our Tax Freedom Day Finally Arrives!


Location: Unknown

"It took us five months to get here, but New Jersey's "Tax Freedom Day' -- the day New Jersey residents worked long enough to pay all of their federal, state and local tax bills - finally arrived this week.

"As I reported to you last month, the national "Tax Freedom Day' arrived four days later than last year. Americans worked 107 days into 2012 to earn enough money to pay this year's combined 29.2% tax bill.

"This week, I continued my "listening tour' of the communities in northern New Jersey, speaking with service clubs and businesses large and small. Of course, people are very concerned about high fuel prices. But just about everywhere I go, our heavy tax burden is a topic of discussion. Individuals and small business men and women alike are stressed and strained by ever-higher taxes. And of course, the revenue raised inevitably fuels even more wasteful spending.

"So it is clear that unless and until our government stops spending money we do not have, "Tax Freedom Day' will be much later in 2013!

"We don't know the exact date, but we do know for sure that higher taxes and more federal spending will kill jobs and economic growth!"

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