It’s counterintuitive, but the most divisive arrangement is when the same party controls both Congress and the presidency, a situation encountered in eight of the past 10 years. With government unified under a single party, the minority has the least possible incentive to cooperate with the majority.
There is a Western world. There is America. There is Great Britain and Germany and France and Russia and China and other nations. I doubt that there is one country amongst those I mentioned which has a desire to see Iran, with its fundamentalist, Islamic, extremist government, possessing nuclear weapons.
I think that if we get back to some basic fundamental principles, we can make sure that we resolve the issues. And I think that that’s what the Tea Party was all about. It’s getting back to a constitutional conservative government. And that is limited, but it’s also effective and efficient. I think that that’s what we’ll be able to do.
Now, in New Jersey, we have more government workers per square mile than any state in America. But since I’ve been governor we now have fewer people on the state payroll at any time since Christie Whitman left office in January 2001. That’s the right direction, Mr. President, not the wrong direction.
And I just think that we’re at a point in our economic life here in our state – and – and, candidly, across the country, where increased taxes is just the wrong way to go. The people of our state are not convinced that state government, county government, local government has done all they can with the money we already give them, rather than the money that we have before.
Urban America has been redlined. Government has not offered tax incentives for investment, as it has in a dozen foreign markets. Banks have redlined it. Industries have moved out, they’ve redlined it. Clearly, to break up the redlining process, there must be incentives to green-line with hedges against risk.
We are all used to paying a sales tax when we buy things – almost 9 percent here in New York City. The application of this concept to the financial sector could solve our need for revenue, bring some sanity back into the financial sector, and give us a way to raise the revenue we need to run the government in a fiscally responsible way.
The reality of split government puts a premium on creativity within the administration. President Obama needs to put the right people in charge of the agencies and then have them push the bounds of administrative power to change policy through those agencies. President Obama has a pretty good track record of this.
I forget what the relevant American rate is, but I can tell you that our goal is to have a combined federal-provincial corporate tax rate of no more than 25 percent. We’re on target to do that by 2012. We will have significantly – by a significant margin the lowest corporate tax rates in the G-7, and that’s our – our government’s objective.
The government’s desire to expand global trade may be understandable, but we mustn’t give away too much. We must tell our elected representatives to at least delay the Canada-China FIPA until it has been examined more thoroughly, and to reconsider the inclusion of investor-state arbitration mechanisms in all trade deals.