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, the New Jersey Business & Industry Association today released a new infographic detailing the many detrimental impacts of the proposed $1 billion Corporate Transit Tax on New Jersey’s largest employers, which will give the state the largest corporate business tax rate in the nation, by far, and worsen the state’s struggling business reputation.
Continue reading Major Consequences of $1B NJ Corporate Transit Tax
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Trenton NJ, the New Jersey Business & Industry Association has urged the state Department of Environmental Protection to withdraw its proposal of the ban of new gas-powered cars by 2035 and work with the Legislature on means to reduce carbon emissions from the transportation sector.
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Trenton NJ, the New Jersey Business & Industry Association launched a campaign to stop the Murphy administration’s proposed ban of the sale of new gasoline-powered cars by 2035.
photo courtesy of Boyd Loving
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Trenton NJ, a bill that makes permanent new working hours for minors and greatly improves the process for teens to obtain working papers is scheduled for a vote in the Senate Budget and Appropriations Committee today.
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Ridgewood NJ, The New Jersey Business & Industry Association is testifying today in strong support of a bill that will direct Gov. Phil Murphy to develop and implement a county-based mitigation plan to allow businesses to operate during a pandemic.
Continue reading Time for a Regional Business Reopening Plan
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Mahwah NJ, The New Jersey Business & Industry Association today said a bill that would impose a new tax on electronic stock trades processed in New Jersey could easily lead to exchanges leaving the state, resulting in a loss of jobs and tax revenue in yet another hit against New Jersey’s business competitiveness.
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Trenton NJ, Several bills up for committee votes today will make the proposed FY2021 budget revision go from bad to worse, the New Jersey Business & Industry Association testified today.
NJBIA Vice President of Government Affairs Christopher Emigholz told the Assembly and Senate Budget committees today that adding another $500 million in borrowing to the already unnecessary $4 billion in borrowing submitted by Gov. Phil Murphy is wholly irresponsible.
Continue reading $4 billion in New Borrowing Submitted by Governor Murphy is Wholly Irresponsible
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Trenton NJ , NJBIA Vice President of Government Affairs Christopher Emigholz issued the following statement regarding today’s announcement by Gov. Phil Murphy and Senate President Stephen Sweeney of concurrence on a bill authorizing up to $9.9 billion to address New Jersey’s budget deficit.
Continue reading Massive New Borrowing Makes New Jersey Even Less Affordable now and into the Future
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Ridgewood NJ, Nearly half of business owners anticipate it will take 10 months or longer to generate revenues comparable to pre-COVID profits, while nearly 12% say they will never make up for those missed earnings, according to a new survey by the New Jersey Business & Industry Association.
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Trenton NJ, Responsible, short-term borrowing may be appropriate to assist in needed revenue collections and to avoid painful tax increases to balance New Jersey’s FY2021 budget, the New Jersey Business & Industry Association testified today.
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Ridgewood NJ, Seventy percent of business owners say they are able to operate safely under CDC social distancing guidelines according to a new NJBIA Business Recovery Survey inquiring how a soft opening might affect their business model.
However, a large majority of New Jersey business owners say they’ll need more than half of their usual client or customer base to break even in any given month.
Continue reading Most Businesses Believe They Can Reopen Safely, Amid Great Challenges
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Ridgewood NJ, A survey conducted by the New Jersey Business & Industry Association finds that 93% of members who responded either are already negatively impacted by the coronavirus health crisis or anticipate being negatively impacted in the near future.
Continue reading New Jersey Business & Industry Association : Most Businesses in Need of Assistance
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Trenton NJ, NJBIA Statement on Proposed Permanent Corporate Business Tax Rate Increase :
NJBIA President and CEO Michele N. Siekerka issued the following statement opposing today’s proposal for a permanent increase on New Jersey’s corporate business tax rate as a dedicated funding source for New Jersey Transit.
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Trenton NJ, New Jersey Business & Industry Association Vice President of Government Affairs Christopher Emigholz issued the following statement today regarding the release of the Senate Select Committee on Economic Growth Strategies (SEGS) report.
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Ridgewood NJ, New Jersey Business & Industry Association CEO and President Michele N. Siekerka, Esq. issued the following statement in response to the New Jersey Fair Workweek legislation announced today.
