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NJ businesses face nation’s biggest tax burden, according to report
New Jersey’s businesses have the nation’s heaviest tax burden, according to a survey released Wednesday, a week after Gov. Chris Christie proposed cutting income taxes by 10 percent.
The survey didn’t take into account recent tax changes that have been lauded by the business community. Even so, the state ranked near the bottom in three of five categories.
“Although New Jersey has consistently ranked at the bottom of the index, recent actions by the state show the beginnings of improvement in the business tax climate,” the report said. (Diamond, Gannett)