New Jersey Comeback scorecard looks at 4 economic indicators
By Caryn Shinske
Published on Tuesday, August 28th, 2012 at 6:30 a.m.
Jobs. Finances. Real estate. Transportation. These are among the elements of a Jersey comeback that Gov. Chris Christie has been touting for more than a year across the state.
In case you missed it, PolitiFact New Jersey on Sunday presented a scorecard in those four areas for 2009 - the year before Christie took office - to the most recent data available. On Monday, the Truth-O-Meter rated a claim by U.S. Sen. candidate Joe Kyrillos that the country’s corporate tax rate is among the highest in the world.
Christie has said he will not use the phrase "Jersey Comeback" when he gives the keynote address tonight at the Republican National Convention in Tampa, but will instead discuss his accomplishments as governor and why Republicans should support Mitt Romney for president. Stewardship of the economy is a large part of Christie’s record as governor, which is why our scorecard reviews New Jersey’s performance in four key categories.
Kyrillos, a Republican state senator from Monmouth County running for the U.S. Senate, claimed in an Aug. 20 interview on WOR-AM that he wants to lower tax rates, noting that the United States has the highest corporate tax rate in the world. There are two ways to examine corporate tax rates, however. In terms of statutory corporate tax rate, the U.S. rate is the highest among industrialized nations. In terms of effective corporate tax rate, however, various tax breaks make the U.S. rate one of many at the top worldwide. The Truth-O-Meter rated the claim Mostly True.
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PolitiFact New Jersey, Chris Christie's "Comeback" scorecard, Aug. 26, 2012
PolitiFact New Jersey, U.S. Senate hopeful Joe Kyrillos claims United States has the "highest corporate tax rate in the world," Aug. 27, 2012
Researchers: Caryn Shinske
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