The moonscape highways around Fort Lee, New Jersey, have left cracked axles, bent rims and chunks of tire strewn across the lot at George Washington Bridge Towing. While the traffic jams Governor Chris Christie’s crew engineered here are gone, these broken vehicle parts show that the consequences of their boss’s economic choices endure.
One-third of income from personal dividends goes toward state and federal taxes in California, the highest rate in the U.S. and the sixth-highest in the industrialized world, according to the Tax Foundation.
Republican Rob Astorino, the top elected official in mostly Democratic Westchester County, a New York City suburb, said he will run against Governor Andrew Cuomo with a campaign focusing on taxes and corruption.
There was a time when it was a good thing for a politician to bring home the bacon, or in the case of U.S. Senator Thad Cochran of Mississippi, the shrimp. In today’s divided Republican Party, it can get you in hot water.
Almost two dozen states cut taxes last year, most in the belief that lower levies stimulate the economy. Not Minnesota, which raised them on high-wage earners, business sales taxes and cigarettes by $2.1 billion.