Claim: Democratic tax hikes led $70 billion of wealth to leave New Jersey between 2004 and 2008, and mainly relocate to Florida, North Carolina, Virginia and Pennsylvania.
Fact-check: Gov. Chris Christie blames Democratic tax, fee hikes for $70 billion in wealth leaving New Jersey
Verdict: barely-true
Organisation: PolitiFact
Author: Bill Wichert
Date published: 2011-06-17T00:00:00