The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
file photo by Boyd Loving
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Ridgewood NJ, according to a new poll from AARP two out of five New Jersey voters 50 years old or older considered leaving the state to live elsewhere in the last year.
Continue reading AARP Poll Finds 83% of New Jersey Voters 50 or Older are likely to Leave the State
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Trenton NJ, a new study on Taxes from SELF , comes in with the same old conclusion , people in New Jersey pay massively higher taxes than anywhere else, yet state services and quality of life, wealth gap and racial equality all continue to decline.
Continue reading New Study : People in New Jersey pay Massively Higher Taxes than Anywhere Else
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Trenton NJ. New Jersey Republican Chairman Doug Steinhardt called out Governor Phil Murphy once again on his comments to Florida representative Mat Gaetz :
Continue reading GOP Chairman Calls Out Governor Murphy on “knucklehead” Tweet
the Biggest Tax Increase of All?
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Trenton NJ, The state budget approved by the legislature today includes borrowing $4.5 billion and increased taxes on corporations, millionaires, and Health Maintenance Organizations. What’s not in the limelight today is the expected increase in unemployment taxes that will fall on every business next year to pay for the massive number of New Jersians who have filed for unemployment benefits.
Continue reading Leap in Unemployment Taxes will be Final Knockout Punch for Small Businesses
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Trenton NJ, Assembly Republican Leader Jon Bramnick panned the reported deal between Governor Phil Murphy and legislative Democrats that would raise income taxes on millionaires, costing them thousands of dollars.
Continue reading New Jersey is the Most Fled State in the Nation
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Trenton NJ , Senate Republican Leader Tom Kean sponsors legislation, approved today by the Senate, to study why so many New Jersey high school graduates choose to attend college out of state.
“Too many of our bright and talented high school graduates are deciding to pursue college degrees in other states,” said Kean (R-21). “The ‘brain drain’ hurts our state. Most of them never return to their home state to help bolster our workforce, contribute to communities, and help support their families. This study will help us better understand what we can do to reverse the trend.”
Continue reading More College-Bound Students Leave New Jersey than Any Other State
“A good highway system will be very important over the next few years. The infrastructure will need to support the vast numbers of people fleeing the high taxes and Socialist agenda Murphy is driving. If the Pandemic as taught us anything at all, it has taught us that most of us can work from anywhere. Why put up with New Jersey any longer?”
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Trenton NJ, New Jersey Business and Industry Association Vice President of Government Affairs Chris Emigholz called for a stop on “unrelenting” and “unnecessary” tax increases in his testimony on the FY 2021 State Budget before the Senate Budget and Appropriations Committee today at the New Jersey Institute of Technology.
Continue reading New Jersey Business and Industry Association Says ,”No Tax Increases”
If the state were a business, it would be bankrupt. The difference is that taxpayers are more certain than customers to provide a stream of revenue.
It just so happens that the number-one taxpayer target for Democrats is businesses — the job creators that help the economy grow and help people afford putting food on the table for their families and themselves. When the cost of living is too high because of taxes, which drive up prices of the products we buy and limit the money we have to buy them, Democrats tell businesses that they have to raise wages.
Continue reading We can’t grow the economic pie if government eats it
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Trenton NJ, Assembly Republicans are walking to their talk of cutting the corporate business tax to make the state more business friendly. Assemblymen Christopher DePhillips and John DiMaio are introducing a bill (A3754) with Assemblywoman Serena DiMaso that would gradually cut the rate to a flat 2.5 percent.
“The reason we need a tax incentive program to attract businesses is because taxes are too high,” said DePhillips (R-Bergen). “The simple answer is to lower the rate to a point that makes New Jersey more attractive financially than other states.”
Continue reading NJ Assembly Republicans Push Bill to Cut State Corporate Income Taxes
By Tom Bracken and Michele Siekerka, Opportunity NJ
Trenton NJ, Governor Murphy’s recent Budget Address painted an optimistic picture of New Jersey’s current financial health and future prospects, declaring victory on goals that included “restoring fiscal responsibility” and “delivering property tax relief” as if the work were already done. While we appreciate the Governor’s commitment to business growth, workforce development, and investments in infrastructure, making New Jersey a competitive regional powerhouse means forging a difficult path ahead — and this budget proposal won’t get us there.
Continue reading Increased Taxes and Spending Won’t Help New Jersey Grow
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Trenton NJ, Assemblyman Erik Peterson is calling on Gov. Phil Murphy to refund taxpayers with the $1 billion tax revenue windfall announced by the treasurer.
The treasury department said the state was moving up its revenue projections for the current fiscal year by $1 billion. The Murphy administration has included the increased revenue in its $41 billion budget with about $300 million going to public employee pensions.
N.J. Chamber of Commerce President Tom Bracken
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Ridgewood NJ, N.J. Chamber of Commerce President Tom Bracken pointed out facts on Phil Murphy’s catastrophic budget . In making this proposal, the Governor said there is no proof New Jersey’s highest bracket taxpayers are leaving the state. The study by Wealth X in 2019 showed very clearly that more than 5,000 residents with net worth over $1 million had fled New York and New Jersey in 2018.
N.J. Chamber of Commerce President Tom Bracken’s Statement on Governor Murphy’s Budget Address :
