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The “Tax Capital” of America? Why NJ Lawmakers are Fighting a New 11.5% Corporate Rate

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Is New Jersey’s 11.5% Corporate Tax Killing Jobs? Lawmakers Demand Repeal of ‘Transit Fee’

the staff of the Ridgewood blog

Trenton NJ, the Fight to Save New Jersey’s Economy.As New Jersey’s unemployment rate climbs to 5.4%—the second-highest in the nation—Assemblymen Christopher DePhillips (R-Bergen) and Brian Rumpf (R-Ocean) are issuing an urgent ultimatum to Governor Mikie Sherrill: Eliminate the Corporate Transit Fee now or risk a permanent “business exodus.”

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Fed’s Cuts Quarter Point, Signals Two More Rates Cuts by Year End

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the staff of the Ridgewood blog

New York NY,  the Federal Reserve cut interest rates by a quarter percentage point to 4.00%-4.25% amid rising unemployment fears and sticky inflation. In an 11-1 vote, the FOMC hinted at two more cuts by year-end, prioritizing a cooling job market over persistent price pressures. Continue reading Fed’s Cuts Quarter Point, Signals Two More Rates Cuts by Year End