NJ: Promise to add 2,364 jobs, or $387,537 in tax credits per job, over the next decade.

[LynneSin]

Really?

Who taught Chris Christie math or better yet common sense. For a guy who claims to have seen over 100 Bruce Springsteen concerts he doesn't act like a man who knows what Bruce is singing about. Christie sounds like a man that if you threaten to move your business out of New Jersey you can rake in the big bucks from NJ Taxpayers.

http://www.nytimes.com/2012/04/05/nyregion/christie-gives-new-jersey-firms-tax-breaks-for-short-moves.html?_r=2
Christie Leaning on Tax Subsidies in Hunt for Jobs

Panasonic received $102.4 million in tax credits to move its headquarters nine miles within New Jersey. Goya Foods picked up $81.9 million in credits to build offices and a warehouse in Jersey City, two miles from its current complex. Prudential Insurance obtained $250.8 million to move a few blocks to a new tower in Newark.

Since taking office in 2010, Gov. Chris Christie has approved a record $1.57 billion in state tax breaks for dozens of New Jersey’s largest companies after they pledged to add jobs. Mr. Christie has emphasized that these are prudent measures intended to help heal the state’s economy, which lost more than 260,000 jobs in the recession. The companies often received the tax breaks after they threatened to move to New York or elsewhere.

<<<<snip>>>>>

The critics pointed out that even when the promised jobs have not materialized, the Christie administration has merely reduced, not withdrawn, the subsidies. And they say that the administration is mortgaging the state’s future by forgiving so much tax revenue for the next 10 to 15 years.

<<<<snip>>>>

Under the program, the Christie administration has granted more than $900 million in state tax credits over 10 years to 15 companies, including Panasonic, Goya, Prudential and Campbell’s Soup. The companies have promised to add 2,364 jobs, or $387,537 in tax credits per job, over the next decade.

[HiPointDem]

1. nothing but a corporate subsidy. i believe they can sell those credits, too.

[wilt the stilt]

2. big "tough" guy

get's rolled in business. Like a lot of these repub blowhards who never worked in business they get rolled in negotiations.

[rfranklin]

3. I suspect it was done with full knowledge that it was not cost effective...

We can only pray that my fellow voters help me dump this bloated blowhard in the next election.