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New Jersey Chamber of Commerce Wakes Up , Scolds Trenton Democrats Calling 2.5% CBT “Punitive and Egregious”

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By Scott Goldstein, Communications Manager, N.J. Chamber of Commerce

Trenton NJ, New Jersey Chamber of Commerce President and CEO Tom Bracken, delivering testimony this morning in front of the Assembly Budget Committee, said the proposed $56 billion state budget would inflict damage on New Jersey’s economy and its reputation as an improving destination to run a business. Bracken primarily took aim at what he called a “punitive and egregious” 2.5% Corporation Business Tax hike on the state’s biggest employers.

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