The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Trenton NJ, NJBIA President and CEO Michele Siekerka issued the following statement regarding the $58.78 billion budget for FY 2026 approved by the Senate this afternoon and presumed to be advanced by the Assembly later today.
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Ridgewood NJ, As concerns about animal welfare and environmental impact grow, New Jersey lawmakers are taking a proactive approach to ban octopus farming before it begins in the Garden State. While no octopus farms currently exist in New Jersey, a proposed bill introduced in Trenton last month aims to prohibit the operation, sale, possession, transportation, or distribution of farm-raised octopus for human consumption.
Continue reading New Jersey Lawmakers Consider Preemptive Ban on Octopus Farming
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New York NY, in a historic verdict, a New York jury found former President Donald Trump guilty of all 34 counts related to falsifying business records in the hush-money trial against him. This decision marks Trump as the first former US president to be convicted of a crime.
Continue reading Landmark Legal Cases: Trump and Hong Kong Activists Convicted
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Trenton NJ, a collection of more than 100 business, labor and nonprofit groups have sent a letter to all members the New Jersey Legislature urging them to oppose Gov. Phil Murphy’s proposed $1-billion-plus business tax increase on business in the FY25 State Budget.
Continue reading New Jersey’s Economic Competitiveness Goes From Bad to Worse
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Trenton NJ, a proposed constitutional amendment that attempts to establish that every person has a legal right to a clean environment could, in fact, block initiatives designed to improve the environment, such as offshore wind projects.
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Trenton NJ, NJBIA is opposing a constitutional amendment that attempts to establish that every person has a legal right to a clean environment.
Continue reading The Inherent Dangers of the So Called , ‘Green Amendment’
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Trenton NJ, with Gov. Phil Murphy and some lawmakers continuing to advance policies that will harm New Jersey businesses of all sizes, NJBIA is launching a Do Better for Business awareness video campaign to hold them accountable and to bring more concise visibility to anti-business policies that require change.
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Trenton NJ, Senate Republican Leader Anthony M. Bucco and Senate Republican Budget Officer Declan O’Scanlon slammed Governor Murphy for avoiding real issues like the affordability crisis in New Jersey after a new report ranked New Jersey as the worst state on the 2024 State Business Tax Climate Index.
Continue reading Affordability Crisis in New Jersey Continues to Grow Under Governor Murphy
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Trenton NJ, with inflation slowing but prices still relatively high and the U.S. gaining 336,000 jobs in September, WalletHub today released updated rankings for its report on Changes in Unemployment Rate by State.
Continue reading WalletHub Study: New Jersey Is the State with the 2nd Worst Unemployment Rate Change
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Trenton NJ, Senator Michael Testa slammed the New Jersey Department of Labor (NJDOL) and the Murphy administration for their failure to notify business owners in a timely manner about new unemployment insurance payroll tax hikes.
Continue reading Anti business ,Anti job Murphy Administration Misguided Payroll Tax Hikes
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Trenton NJ, Preliminary estimates produced by the U.S. Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased in July by 14,600, to reach a seasonally adjusted level of 3,954,100. This marks the seventh consecutive month of gains in the state’s total nonfarm job level.
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Washington DC, according to the Tax Foundation if the Biden tax plan is fully implemented, increasing the corporate income tax would undermine the progress policymakers made four years ago. An increase in the federal corporate tax rate to 28 percent would raise the U.S. federal-state combined tax rate to 32.34 percent, giving the U.S. the highest combined corporate income tax rate in the OECD, ahead of France at 32.02 percent and the U.S. rank on the Tax Foundation’s International Tax Competitiveness Index would fall from 21st in 2020 to 30th, with the corporate rank falling from 19th to 33rd overall.
Continue reading Biden Tax Plan Will Destroy US Competitiveness
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Trenton NJ, New Jersey Business & Industry Association President and CEO Michele Siekerka issued the following statement regarding the announcement of an executive order by Gov. Phil Murphy today mandating workplace safety protections on New Jersey businesses.
Continue reading New Jersey is the Most Fled State in the Nation
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ROSELAND NJ, Statement by Ralph Albert Thomas, CPA (DC), CGMA, CEO and Executive Director of the New Jersey Society of Certified Public Accountants
This morning, Governor Phil Murphy delivered his budget proposal for New Jersey’s new, nine-month fiscal year that begins Oct. 1. The New Jersey Society of Certified Public Accountants (NJCPA) is deeply concerned that the proposal looks very much like the unworkable budget introduced six months ago — plus $4 billion in new borrowing — before the coronavirus pandemic decimated New Jersey’s economy.
Continue reading Governor Misses Mark On Addressing New Jersey’s Long-Term Structural Deficit
