tunnel project which you were opposed tochlt you said, look, we re broke in new jersey. now you re calling for a 10% cut in income tax to cost the state $300 million over three years. the tunnel project was going to cost us an additional $8 billion. we don t have the money to do it. it was a bad plan. what we see happening now is the federal government, new york and new jersey working together to come up with another plan more equitably shared by all the parties, not 70% of the cost being on new jersey. the reason we need to cut taxes, think about what i inherited. i came in. we had $13 billion in deficits. we had 115 tax and fee increases in the eight years before i became governor. the worst business environment in america. in two years we ve balanced those budgets and brought ourselves to balance without any tax increases through very difficult and aggressive cuts. now i m saying it s time for the people to get some of their money back, done responsibly, 10% cut phased in over thr
tunnel project which you were opposed tochlt you said, look, we re broke in new jersey. now you re calling for a 10% cut in income tax to cost the state $300 million over three years. the tunnel project was going to cost us an additional $8 billion. we don t have the money to do it. it was a bad plan. what we see happening now is the federal government, new york and new jersey working together to come up with another plan more equitably shared by all the parties, not 70% of the cost being on new jersey. the reason we need to cut taxes, think about what i inherited. i came in. we had $13 billion in deficits. we had 115 tax and fee increases in the eight years before i became governor. the worst business environment in america. in two years we ve balanced those budgets and brought ourselves to balance without any tax increases through very difficult and aggressive cuts. now i m saying it s time for the people to get some of their money back, done responsibly, 10% cut phased in over thr
equitably shared by all the parties, not 70% of the cost being on new jersey. the reason we need to cut taxes, think about what i inherited. i came in. we had $13 billion in deficits. we had 115 tax and fee increases in the eight years before i became governor. the worst business environment in america. in two years we ve balanced those budgets and brought ourselves to balance without any tax increases through very difficult and aggressive cuts. now i m saying it s time for the people to get some of their money back, done responsibly, 10% cut phased in over three years. think about this, david, in new jersey, the people in new jersey will know for the next three years every year their taxes will go down. if i told you that when i came here the first time, you would have told me i was nuts. we did it because of hard work and sticking to our principles and working together with democrats. i think we ll do it again. do the new jersey giants win today? yes. you didn t even flinch. yo
experience to get people back to work. what do you do to get people back to work? first of all, you make america the most attractive place in the world for entrepreneurs, and innovators. for people who hire folks. you make this the place they want to grow and invest. you don t frighten them away. i saw that head of toeka cola, talk about an american icon, coke coka cola. he says the business environment in china is more favorable than the business environment in america. can you understand why it is we have a hard time getting jobs going? almost everyday someone comes up to me, a small business person, and says they feel under attack by the obama administration. so what am i going to do? i m going to change that. make it clear that i m not a faux of business and faux offant premurs and innovators and creators. i want them to grow and thrive and invest in america. i want to make sure that tax rates for america are
than 50 cars set ablaze since friday. los angeles police announce arrests. i m wolf blitzer, you re in the situation room. we re counting down the hours to the first voting of the 2012 presidential campaign. 28 hours to be precise, until iowa republicans gather at more than 1700 locations for their party caucuses and start picking their favorites. candidates have spent millions of dollars, logged many thousands of miles in this long iowa marathon. now it s a sprint. as they dash across the state looking for the last few votes. mitt romney is at the head of the pack trying to hold back ron paul and a hard charging rick santorum. let s go live to cnn joe johns joining us from marion iowa right now with the latest. joe? wolf, mitt romney is pushing across the state traveling hundreds of miles. certainly one of the busiest days of his entire campaign. he is trying to get his supporters to go out and caucus for him. on the final day of campaigning, energy is everything in io