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AFP-NJ: It Exists Therefore It’s Taxed

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July 2, 2018
by AFP-NJ: It Exists Therefore It’s Taxed

Trenton NJ,  Americans for Prosperity-New Jersey (AFP-NJ) responded to the New Jersey state budget, which the legislature passed and the governor signed on Sunday. The $37.4 billion state budget increased income taxes as well as corporate taxes. AFP-NJ opposed the measure.

AFP-NJ State Director Erica Jedynak issued the following statement:

“The way New Jersey lawmakers tax everything you’d think they’re purposefully trying to drive everyone out so they can keep the state to themselves. According to Sen. Sweeney and Gov. Murphy, the only thing better than a tax on one thing is a tax on two. But the higher income and corporate taxes will only exacerbate the Garden State’s already troubling outmigration problem and increase the tax burden on an ever-shrinking population. How long before New Jersey lawmakers start taxing folks in New York or Pennsylvania?

“That some lawmakers refuse to acknowledge that New Jersey has a spending problem, not a revenue problem, is outrageous. Our elected officials need to recognize that spending on wasteful programs such as corporate welfare is a core driver of increased taxes, which in turn make it harder to live, work, and raise a family in the Garden State.”

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New Jersey Legislatures Aims to Raise Taxes on Local Businesses

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June 20,2018

the staff of the Ridgewood blog

Trenton NJ, Today, the respective Senate and Assembly Budget Committees passed S-2746/A-4202, which would drastically increase the corporate business tax rate. The New Jersey legislature will consider the measures on Thursday.
Lawmakers are considering raising the corporate tax rate between 11.5 and 13 percent based on the size of the local business. These drastic tax increases would make the Garden State the seemingly proud owners of the highest business taxes in the nation. Business tax rates addressed in this proposal are currently levied at 9 percent.

AFP-NJ State Director Erica Jedynak issued the following statement:

“We want businesses to set up shop and thrive in New Jersey. Our businesses are the life-support of the economy, and these jobs help local workers provide for their families. Dramatic tax increases will hurt the families, workers, and entrepreneurs that hope to make New Jersey home. Due to the nation’s highest property taxes, New Jersey families are already being taxed into exile and raising the corporate tax rate could very well serve as the death blow to the New Jersey economy. Now is the time for lawmakers in Trenton to ensure that our job creators remain hiring and open for business. Instead of maintaining the failed status quo, New Jersey lawmakers should work toward practical solutions that decrease taxes in our state and increase prosperity.”
Background:
AFP-NJ issues Action Alert to Activists
AFP-NJ’s Tax & Spending Reforms

For further information or an interview, reach Anna McEntee at amcentee@afphq.org or (703)-674-9227.

Americans for Prosperity (AFP) exists to recruit, educate, and mobilize citizens in support of the policies and goals of a free society at the local, state, and federal level, helping every American live their dream – especially the least fortunate. AFP has more than 3.2 million activists across the nation, a local infrastructure that includes 36 state chapters, and has received financial support from more than 100,000 Americans in all 50 states. For more information, visit www.AmericansForProsperity.org