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.
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.
Trenton NJ. New Jersey Republican Chairman Doug Steinhardt called out Governor Phil Murphy once again on his comments to Florida representative Mat Gaetz :
River Vale NJ, Assemblywomen Holly Schepisi ,” last Thursday, the NJ Democratically controlled legislature voted to increase our corporate business tax rate to the HIGHEST in the entire nation. This comes on the heels of our businesses struggling to survive after being closed for months by the Governor’s Executive Orders as a result of COVID. Rather than make cuts to spending, such as $4 million appropriated to a golf course, we decided to proverbially kick our businesses in the head as they attempt to emerge from this fiscal crisis. Below is the video of me arguing against these increases at this time.”
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.
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.
Ridgewood NJ, With a state of emergency still in place and no easy answer to the untold economic fallout, New Jersey residents are leaving in droves. Data released by United Van Lines and compiled by Bloomberg shows NJ ahead of New York, Illinois and California for percentage of departures.
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.”
“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?”
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.
Christopher P. DePhillips is an assemblyman whose 40th Legislative District includes parts of Bergen, Essex, Morris and Passaic counties
(first published on APP.COM)
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.
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.”
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.
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.
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 :