Difference between revisions of "Jon Corzine"

Jon Corzine
Governor of New Jersey; From: January 17, 2006 – Present
Predecessor	Richard Codey
Successor	Incumbent (no successor)
U.S. Senator from New Jersey; From: January 3, 2001 – January 17, 2006
Predecessor	Frank Lautenberg
Successor	Robert Menendez
Information;
Party	Democrat;
Spouse(s)	Joanne Dougherty Corzine (divorced);
Religion	United Church of Christ

Revision as of 03:11, July 22, 2009

Jon Corzine (born January 1, 1947)^[1] is the Democratic governor of the state of New Jersey. Before politics, Corzine worked in business and finance. After studying at the University of Chicago he would eventually become Co-Chairman and CEO of Goldman Sachs, alongside Henry Paulson.

United States Senate

In 2000, Jon Corzine was elected as the junior United States Senator from New Jersey, defeating Republican Congressman Robert Franks with 50% of the vote to 47%, after spending more money on a senatorial race then any other candidate in New Jersey history. With a net worth of over $71,000,000 he was the fourth richest member of the U.S. Senate. ^[2] He was a member of the Committees on Banking, Intelligence, the Budget, and Energy and Natural Resources. Corzine sponsored 127 bills while in office, however 120 never made it out of committee and only one was successfully enacted. ^[3] In 2002, Corzine voted against authorizing President George W. Bush to go to war against Iraq. He chaired the Democratic Senatorial Campaign Committee from 2003-2005, during which Democrats lost 4 Senate seats.

2005 Gubernatorial Campaign

In 2005 Senator Corzine was a candidate for the Governorship of New Jersey. It was the most expensive gubernatorial election in New Jersey history. The combined expenditures for Corzine's senatorial and gubernatorial runs exceeded $100 million. He mostly tried to link his Republican opponent Doug Forrester with the Bush administration. Corzine's campaign was successful, winning 54% of the popular vote and 13 of New Jersey's 21 counties.

Governorship

Corzine was sworn in as the 54th Governor of New Jersey on January 17, 2006.

Government Shutdown

On July 1, 2006, Governor Corzine was forced to shutdown the state government after clashing with fellow Democrats in the the state Assembly to pass a sales tax increase, resulting in the Assembly being unable to pass a new balanced budget. As a result road construction projects were halted, the New Jersey Lottery, Motor Vehicle Commission and the New Jersey Department of Education was shut down. Gambling at Atlantic City casinos were suspended and 45,000 state employees were in indefinitely. ^[4]

They reached a compromise, with the New Jersey legislator passing Corzine's sales tax increase in exchange for half of the revenue created from it would be used to give New Jerseyans direct property tax relief. The state government was fully restored on July 10, 2006.

Automobile Accident

On the way to a meeting between Don Imus and the Rutgers women's basketball team, Corzine was involved in a serious car accident on April 13, 2007. He suffered multiple injuries including a thigh bone broken in two places that lacerated his skin, a broken breast bone, six broken ribs on each side, a head laceration and a minor fracture on a lower vertebra. ^[5] Corzine was not wearing his seat belt, in violation of NJ state law. ^[6] Corzine requested, and received, a $46 fine for this. ^[7]

Economic Record

File:Corzine state of the state.JPG

Gov. Corzine delivering his 2009 State of the State address

Under Governor Corzine New Jersey was ranked as the worst business climate of any state by the Tax Foundation ^[8], and overall has the highest tax burden in the nation. Since Corzine took office, property taxes have risen 17%, twice the rate of inflation. ^[9] The state budget deficit has increased from $3.6 billion to $10 billion and there unemployment rate has risen from 4.8% to 9.2%. ^[10] ^[11] In connection with rising jobless claims, Corzine said, "Now the piper is coming home to roost".^[12]

In response to the rising deficit Corzine has proposed eliminating New Jersey's property tax rebates, which provides tax relief in the state of New Jersey, which already has the highest property taxes in the nation. ^[13] Corzine has already cut $382.5 million from the rebate program in June 2008.

2009 Reelection Campaign

Corzine has announced his candidacy for reelection in 2009, however trails his Republican opponent Christopher Christie in public opinion polls. ^[14] ^[15] ^[16] Corzine's record on property taxes and the economy are the number one issues during the campaign. ^[17]

References

[1] ttp://www.state.nj.us/governor/about/

[2] ttp://www.cnn.com/2003/ALLPOLITICS/06/13/senators.finances/

[3] ttp://www.govtrack.us/congress/person.xpd?id=300028

[4] ttp://www.washingtonpost.com/wp-dyn/content/article/2006/07/01/AR2006070100864.html

[5] ttp://www.usatoday.com/news/nation/2007-04-12-corzine-car-accident_N.htm

[6] ttp://www.usatoday.com/news/nation/2007-04-12-corzine-car-accident_N.htm

[7] ttp://www.philly.com/inquirer/local/nj/20070502_Corzine_asks_for_seat-belt_fine__gets_it.html

[8] ttp://www.taxfoundation.org/files/bp58-es.pdf

[9] Department of Community Affairs, Division of Local Government Services Website, www.state.nj.us/dca/lgs/, Accessed 6/4/09

[10] ttp://www.christiefornj.com/images/corzinesrecord.pdf

[11] ttp://www.nj.com/news/index.ssf/2009/01/nj_unemployment_rate_hits_high.html

[12] ttp://www.nj.com/news/ledger/topstories/index.ssf/2008/12/surge_in_jobless_claims_taps_o.html

[13] ttp://www.nj.com/news/index.ssf/2009/02/corzine_may_propose_eliminatin.html

[14] ttp://race42008.com/2009/03/13/poll-watch-new-jersey-more-good-news-edition/

[15] ttp://www.politickernj.com/wallye/31284/gop-poll-has-christie-15-points

[16] ttp://www.philly.com/philly/wires/ap/news/state/new_jersey/20090714_ap_pollchristiewidensleadinnjgovsrace.html

[17] ttp://www.politickernj.com/alan-steinberg/30521/governors-race-eight-key-quinnipiac-findings

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@@ Line 51: / Line 51: @@
 [[Image:Corzine_state_of_the_state.JPG|thumb|right|150px|Gov. Corzine delivering his 2009 State of the State address]] Under Governor Corzine New Jersey was ranked as the worst business climate of any state by the Tax Foundation <ref>http://www.taxfoundation.org/files/bp58-es.pdf</ref>, and overall has the highest tax burden in the nation. Since Corzine took office, property taxes have risen 17%, twice the rate of [[inflation]]. <ref>Department
 of Community Affairs, Division of Local Government Services Website, www.state.nj.us/dca/lgs/, Accessed
-/4/09</ref> The state budget [[deficit]] has increased from $3.6 billion to $10 billion and there [[unemployment]] rate has risen from 4.8% to 8.8%. <ref>http://www.christiefornj.com/images/corzinesrecord.pdf</ref> <ref>http://www.nj.com/news/index.ssf/2009/01/nj_unemployment_rate_hits_high.html</ref> In connection with rising jobless claims, Corzine said, "Now the piper is coming home to roost".<ref>http://www.nj.com/news/ledger/topstories/index.ssf/2008/12/surge_in_jobless_claims_taps_o.html</ref>
+/4/09</ref> The state budget [[deficit]] has increased from $3.6 billion to $10 billion and there [[unemployment]] rate has risen from 4.8% to 9.2%. <ref>http://www.christiefornj.com/images/corzinesrecord.pdf</ref> <ref>http://www.nj.com/news/index.ssf/2009/01/nj_unemployment_rate_hits_high.html</ref> In connection with rising jobless claims, Corzine said, "Now the piper is coming home to roost".<ref>http://www.nj.com/news/ledger/topstories/index.ssf/2008/12/surge_in_jobless_claims_taps_o.html</ref>
 In response to the rising deficit Corzine has proposed eliminating New Jersey's property tax rebates, which provides tax relief in the state of New Jersey, which already has the highest property taxes in the nation. <ref>http://www.nj.com/news/index.ssf/2009/02/corzine_may_propose_eliminatin.html</ref> Corzine has already cut $382.5 million from the rebate program in June 2008.