In this video from the recent NJBIA Public Policy Forum, economic experts talk about what is in store for New Jersey businesses in 2025 during a wide-ranging discussion about the outlook for Wall Street, the incoming Trump administration, taxes, tariffs, immigration, and New Jersey’s anticipated budget shortfall.
NJBIA President and CEO Michele Siekerka moderated the Dec. 4 discussion with Andrew Sidamon-Eristoff, a former state treasurer and now owner of ASE Tax Policy and Administration, and Mark Lehmann, CEO of Citizens JMP Securities and president of Citizens in California.
While businesses may benefit from the promised deregulation of certain industries under the new Trump administration, proposed tariffs on imports and an immigration crackdown would pose challenges, they said. New Jersey must also get its own fiscal house in order because spending levels in the current $56.7 billion state budget are unsustainable and high business taxes make the state uncompetitive.
Go here to watch the video.
