the staff of the Ridgewood blog
River Vale NJ, Assemblywomen Holly Schepisi ,” last Thursday, the NJ Democratically controlled legislature voted to increase our corporate business tax rate to the HIGHEST in the entire nation. This comes on the heels of our businesses struggling to survive after being closed for months by the Governor’s Executive Orders as a result of COVID. Rather than make cuts to spending, such as $4 million appropriated to a golf course, we decided to proverbially kick our businesses in the head as they attempt to emerge from this fiscal crisis. Below is the video of me arguing against these increases at this time.”
Isn’t this only a temporary change, I don’t have the paperwork in front of me but it sounded like it goes down in two years then returns lower another couple years after that.
Honestly NJ needs the revenue, there’s tons of projects unfinished by Christie who was too scared to rock the boat unless it garnered him support for a presidential run or his personal life, and we were just hit by a pandemic that the fed entirely dropped the ball on supporting the states,
The revenue needs to be made up somehow, every state has the same problem right now, at least NJ is doing something to try and make some of it up.
You decline to list any details about the rate, or historic rates, or what the large corporations have said about it. So this reads more as a whiny opinion article than fine reporting…
clearly the last poster has never run a business or had a job or knows anything about taxes
Murphy is trying to run the last few remaining businesses out of the state ???
@Anonymous the only reason NJ needs the revenue is because NJ has a spending problem. It’s funny hearing NJ elected officials talk about how COVID results in a revenue problem for their municipalities, the problem is irresponsible spending for decades.
Pay up, selfish bastards!
Lets change the name from the ‘garden state’ to the “Peoples Republic of NJ”.
These Democrat hacks will NEVER cut spending.
The public employee unions own them lock stock and barrel, so there were no layoffs during covid, so they sucked the $$$$ dry while the state had no revenue. Basically another paid vacation.
Of course once they get done feeding at the public trough, they move to Florida where their bloated pensions aren’t taxed, while getting their check in the mail and their cadillac health care plans.
You can’t fix stupid.
The voters here will never learn.
All of the big earners have been chased out of state.
Any company with a chance to exit does so.
Thanks to covid, its been proven that working remotely doesn’t affect economics.
And just yesterday they raised the gas tax again.
Will the last person here please turn out the lights.
Fucking democrats= FUCKING DISGRACE.