Tag: anti business NJ

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Houlihan’s in Hasbrouck Heights Closes

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the staff of the Ridgewood blog

Hasbrouck Heights NJ, Two New Jersey Houlihan’s restaurants abruptly closed their doors Sunday.The Hasbrouck Heights and Woodbridge locations have closed, while eight others remain open.

According to sources the chain plans to keep the other New Jersey locations open. Previously the chain had closed two other restaurants  in Weehawken and Lawrenceville blaming high rent and increased operating costs for the closure.

The bar and restaurant chain had filed for bankruptcy in November.

Effective January 1, 2020, the New Jersey minimum wage is $11.00 per hour for most workers and critics of the wage increase have constantly argued that many restaurants will close or automate due to increased operating costs  . Other suggest the New  Jersey’s harsh anti-business climate will continue to take it toll.
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Local Publisher Set to Reduce Community Coverage After Being Fined by Murphy Administration for Using Independent Contractors

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Murphy Administration Attempt to  Curtail Free Speech 

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Trenton NJ, Senate Republican Leader Tom Kean called on the Murphy Administration to end its attacks on independent contractors and the media after the Westfield Leader was fined for not classifying freelance reporters and photographers as employees.

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NJ CD-1 GOP candidate Josh Duvall Calls The Independent Contractor bill nothing more than a mafia-style shakedown

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Paramus NJ, “The Netflix blockbuster, ‘The Irishman’ and the state of New Jersey have something in common – they’re both experts in small business shakedowns.”

“Now, facing more than $200 Billion in debt, ranking 50th in the nation in financial health, and burdening every taxpayer with a $65,000 share of the bill (on top of the nations highest income and property taxes, source: https://www.truthinaccounting.org/library/doclib/NJ-2018-2pager.pdf) they have decided to double down their attacks on small business owners like you and me.”

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Senator Anthony M. Bucco Says independent contractor legislation would , “have disastrous implications for many thousands of independent contractors “

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Trenton NJ, Senator Anthony M. Bucco (R-25) released the following statement on the contentious independent contractor legislation (S4204) and proposed amendments.

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Murphy Administration Tries to Shut Down GIG Economy in New Jersey

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Trenton NJ,  The fix is in! Governor Murphy and legislative Democrats are fast-tracking a law that will upend the lives of hundreds of thousands of New Jersey businesses and families  The law prevents independent contractors from working for businesses unless the contractor is hired as an official employee of the business.  The move will generate millions in new taxes, proving it’s just another Democratic tax grab at the expense of New Jersey’s hard working families.

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Murphy Administration Goes After Uber for Payroll taxes

Marco Rubio Speech On Innovation At Uber's DC Offices

the staff of the Ridgewood blog

Ridgewood NJ, the Murphy Administration is looking to harvest nearly $650 million in back taxes and penalties from Uber Technologies, making New Jersey the latest front in a nationwide battle over whether drivers who work for ridesharing companies are considered employees or independent contractors.

Uber and subsidiary Rasier were assessed $523 million in past-due taxes during the past four years for misclassifying drivers, the New Jersey Department of Labor said in letters to the companies, according to Bloomberg Law. The rideshare businesses also are on the hook for as much as $119 million in interest and penalties on the unpaid amounts, internal department documents obtained by the news service show.

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New Jersey Ranked At Bottom of Barrel in Business Tax Climate for Sixth Year in a Row

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TRENTON NJ, the Tax Foundation released its annual State Business Tax Climate Index, and New Jersey is in 50th place for the sixth year in a row. The authors say the ten states in the lowest rankings “have a number of afflictions in common, complex, nonneutral taxes with comparatively high rates.”

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New Jersey’s structural challenges continue to hold back the state from achieving competitiveness

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Ridgewood NJ, Tom Bracken and Michele Siekerka of Opportunity New Jersey (ONJ) are on a mission to make New Jersey more attractive for businesses — and more affordable for employers and residents. The two business leaders presented this week at a meeting of the Greater Atlantic City Chamber of Commerce board of directors, where they spoke of the importance of putting the state’s economy on the right track.

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Call For Tax Cuts, not Incentives

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the staff of the Ridgewood blog

TRENTON, NJ, The Select Senate Committee on Economic Growth Strategies held a hearing yesterday with a panel of national experts who were largely critical of the Economic Development Authority’s controversial tax incentive program. Assemblyman John DiMaio, the Republican budget officer, echoed the experts’ sentiments that there are better strategies to accomplish the same goals.

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Newell Brands Maker of Sunbeam, Crock-Pot, Oster, Mr. Coffee, Yankee Candle Leaving New Jersey

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HOBOKEN NJ , Newell Brands (NASDAQ: NWL) today announced the companies  decision to move its corporate headquarters from Hoboken to Atlanta, Georgia, in order to facilitate a stronger connection between senior leaders and the operations of the business, and to enhance the company’s culture and sense of community. Three of Newell’s seven operating divisions (Writing, Baby and Food) are based in Atlanta.

A Newell spokesperson said the company has approximately 300 employees in Hoboken currently, and less than 100 — primarily in leadership roles — would be moving South. The company will maintain its E-Commerce division in New Jersey, with all employees staying in Hudson County.

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The New Jersey Business & Industry Association: it is paramount New Jersey puts a strong tax incentive program in place to attract and retain business

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Trenton NJ, The New Jersey Business & Industry Association testified today that it is paramount New Jersey puts a strong tax incentive program in place to attract and retain business in order to offset the high cost of doing business in the state.

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New Jersey Named 2019’s 2nd Worst State to Start a Business

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Ridgewood NJ, With the stock market booming, the personal-finance website WalletHub today released its report on 2019’s Best & Worst States to Start a Business as well as accompanying videos.

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Governor Should Focus on Growing Jobs, Not Weed

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the staff of the Ridgewood blog

Trenton NJ, In light of recent reports highlighting New Jersey’s continued economic decline, Senator Joe Pennacchio (R-26) today urged Governor Phil Murphy to stop pushing to legalize pot and start pushing for job creation.

Pennacchio’s call for action follows news that New Jersey lost 7,700 jobs in February, according to new data by the U.S. Bureau of Labor Statistics. New Jersey also lost at least 2,300 jobs in December of 2018 alone.

Additionally, this week the NJBIA released their 2019 Climate Analysis, which indicated that New Jersey continues to have the worst business climate, highest property taxes, highest sales tax, and highest income tax in the region.

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Governor Murphy Time to Look At The Numbers And Wake Up

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the staff of the Ridgewood blog

Trenton NJ, Two more jarring statistics were released yesterday regarding New Jersey’s economy. First, the U.S. Bureau of Labor and Statistics estimated that New Jersey lost 7,700 jobs in February. The state lost 9,300 private sector jobs, as the total number was offset by job gains in the taxpayer funded public sector.

Second, the Society of Certified Public Accountants (NJCPA) released an internal poll of 500 New Jersey CPAs, where 70% said they believe Governor Murphy’s budget will harm the State’s economy. A measly 23% viewed the State’s economy as “good” and only 12% think it will get better.

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Why Amazon Didn’t Choose NJ

Amazon Introduces New Tablet At News Conference In New York

The following editorial by Senator Robert Singer (R-30) on Amazon’s rejection of New Jersey’s proposal to host a new headquarters was published on Feb. 25, 2019 in the Asbury Park Press:

A whopping 238 cities across the United States sought to be the home of Amazon’s second headquarters, dubbed “HQ2.” Of all city applicants, Newark, New Jersey offered Amazon the largest tax benefits in the country. Regardless of being one of twenty cities to make the final cut, Newark was passed over by Amazon not once, but twice. It speaks volumes that a package of tax incentives totaling $7 billion could not entice Amazon to choose New Jersey.

Our state’s prime geographic location, diverse workforce, state-of-the-art infrastructure, convenient transportation, and best-in-the-nation schools should have made the Garden State an easy sell. The New Jersey Legislature’s successful bipartisan effort to top all other competing tax incentive offers nationwide should have made the Garden State an easy choice. The competition was fierce to court HQ2, and New Jersey was in play.

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