Chris Christie on Corporations
And let me make this point clearly and unequivocally. Despite the challenges, I will not let New Jersey go back to our old ways of wasteful spending and rising taxes. We will deal with our problems but we will continue to do so by protecting the hard earned money of all New Jerseyans first and foremost. We will not turn back. Look at all of those things some called impossible, that we have made a reality.
Christie ran a no-tax-hike pledge and the idea was to introduce the new millionaire's tax after he took office and force him to sign it, breaking his word, which of course Democrats would use against him.
It didn't work, he didn't sign it. His critics claimed he'd cut taxes for his millionaire friends. It was a lie. The tax rate had not changed since Christie took office.
At the same time, Christie and the legislature cut business taxes to the tune of $185 million the 1st year, growing to more than $600 million in cuts annually by the 5th year, to encourage expansion and job creation. Democratic efforts to raise taxes on millionaires also continued in Christie's 2nd year, ending with the same veto.
A: Greed. And because no one wanted to tell anybody the truth. I think we got ourselves in this mess because some people in the financial industry became incredibly short-sighte and greedy and we had government officials who refused to say no.
Q: A lot of bankers have been bailed out, and then the first thing they do is award themselves massive bonuses. Would you have stopped that?
A: I probably wouldn't have done anything different to stop them to do that except to use the power of the bully pulpit as president to call attention to it and to try to shame them into doing something different. I don't believe in that kind of heavy-handed regulation where we're saying how muc you can pay people. But I do think that what really caused the problem was not so much the high-pay, was just the incredibly risky securities spreading kind of like a cancer that really caused the incredible downturn that we had in 2008 and 2009.
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2016 Democratic Candidates:
Mayor Rahm Emanuel(IL)
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2016 Third Party Candidates:
Mayor Michael Bloomberg(I)