Thursday, December 13, 2007

Congrats NJ - You are the biggest loser!

Some states feast at the expense of others when the federal government hands out money, according to the Tax Foundation's latest annual analysis of federal taxing and spending patterns.

This from a report on The Heartland Institute. While some states like New Mexico get over $2 back for every dollar the send to Washington, NJ gets the nation's lowest 61 cents.

For right or wrong, the statistics are often a measure of the effectiveness congressional delegation sent by the state to DC. So, not only do our legislators locally do a poor job managing the state's finances and keeping spending under control, they assist in making sure we pay the highest taxes with the worst return in the nation.

Neighboring Pennsylvania gets back $1.07, Delaware $.77 and New York $.79 all much better than NJ.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home