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Article: Jim McGreevey, working-class hero: New Jersey's governor stands alone in the corporate-tax-reform hall of fame. (Taxonomist).(Brief Article)
- Article from:
- The American Prospect
- Article date:
- September 9, 2002
- Author:
CopyrightCOPYRIGHT 2002 The American Prospect, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SUPPOSE YOU'RE A GOVERNOR AND YOUR STAFF HAS JUST informed you that most of the biggest corporations doing business in your state have cooked their books so severely that they pay virtually nothing in state income taxes. Do you holler, "Hallelujah! Hunt 'em up and have 'em over for a campaign fundraiser!"? Well, that would be one common reaction. But it's not how newly elected New Jersey Gov. Jim McGreevey responded this year.
Like just about every state in the country, New Jersey has been struggling with huge revenue shortfalls lately. Unlike almost every other state, however, New Jersey has a governor brave enough to successfully take on the corporate tax ...