That 2 billion dollar spending increase is the tax cut. durrrr
What?
Oh, and Smash, New Jersey does NOT have a surplus. None. I don't know where you got that from. A recent AP article even went as far as to highlight the record surpluses of a record 48 states -- the only other state to not have a surplus is Louisana... and they have an excuse.
Tried to look it up, but its in the archives so you have to pay for it. the NY Times had an article a couple weeks ago about the financial situation of each & every state, in 2006 NJ posted a surplus of $1.9 million
You might be able to get a free account there. I have one.