Do Better for Business
With Gov. Phil Murphy proposing a permanent 2.5% Corporate Transit Fee on New Jersey’s largest employers, giving them the highest corporate tax rate in the nation at 11.5%
NJBIA has launched a Do Better for Business campaign to bring visibility to this and other anti-business policies and to give New Jersey residents the chance to tell lawmakers to stop making our employers an extreme national outlier for business taxes.
Do Better for Business Videos
A 'Tax Cut' for NJ Businesses That Really Isn't
Summary: Some progressive groups say New Jersey employers will be receiving a “tax cut” if not hit with a $1B business tax proposed by Governor Murphy. Here’s why that’s false and how our largest job creators have, in fact, actually been making temporary corporate tax overpayments for six years.
NJ Is Failing to Compete with Pa. on Corporate Tax Rates
Pennsylvania is taking strong steps to attract large job creators. A proposal by Gov. Murphy to give New Jersey the largest corporate tax rate in the nation runs counter to that.
The Impacts of a $1B Business Tax on NJ Residents, Consumers & Workers
Many people think taxes on large corporations won’t impact them. This explains why they might need to think again.
This is What Happens When It's Harder to do Business in NJ
Succeeding in business in New Jersey is harder than anywhere else. That’s why we see as many business closures as we do.
Following the Steps of an Unfair Business Tax
When there are many valid reasons not to tax New Jersey businesses, and policymakers do it anyway, it’s a punishment on our largest job creators without a crime.
How the Little Pieces Impact the Big Picture for NJ Businesses
Policy leaders don’t seem to realize how the policies that take away from business add up to big losses for their bottom line.
Fostering an Anti-Business Culture in NJ Through Mistrust
Just two weeks before his FY25 budget proposal, Gov. Phil Murphy defended the need to sunset a CBT surcharge. But then reversed his decision, sowing mistrust amongst NJ’s business community.
‘Tax Relief’ in the Form of Tax Increases?
Gov. Phil Murphy said “it’s kind of crazy to raise taxes to deliver tax relief.” But apparently not crazy enough to tax New Jersey businesses once again.
NJBIA Advocacy IN THE NEWS
- NJBIA Responds to New CBT Surtax as Part of FY2025 State Budget
- Siekerka Criticizes New $1B Transit Tax on Businesses Proposed in State Budget
- Op-Ed: Why a 2.5% ‘Corporate Transit Fee’ is Worse than 2.5% CBT Surcharge
- NJBIA’s Emigholz: NJ Corporations Pay More Than Their ‘Fair Share’ of Taxes
- Emigholz: Tax Situation for NJ Businesses Is ‘Unrelenting’
- Siekerka on Spadea: Businesses Can’t Rely on the Word of NJ Policymakers
- Siekerka Urges Budget Committee to Reject Governor’s Business Tax Increases
- Siekerka Talks Murphy’s ‘Broken Promise’ to Business Community on This Weekend’s ‘Reporters Roundtable’
- Report: Revenue Growth Higher in States that Have Cut Major Tax Rates
- Siekerka: New Business Taxes Proposed in FY25 Budget Are ‘Terrible Policy’
- Destination Unknown for NJ TRANSIT Taxes
- Is NY Distancing Itself from a Corporate Tax Hike?
- NJBIA’s 2024 Regional Business Climate Analysis Shows NJ Still Worst in Region – and Declining
- NJBIA FY25 Assembly Budget Testimony
- NJBIA Responds to Monmouth University Poll Question on Corporate Transit Fee
- NJBIA Calls for More Investments, Fewer Taxes, Regulatory Burdens in Senate Committee
Other Voices
- Op-Ed: NJ Businesses Are Not NJ TRANSIT’s Piggy Bank
- NJ Business Coalition Urges Legislature to Reject New Tax Increases on Business
- GSI Warns More Businesses Would Flee NJ if Corporate Taxes Raised Again
- Former NJ Treasurer’s Op-Ed Shows How Transit Tax Will Drive Away Business
- Policymakers Talk Impacts of $1B Business Tax Hike
- NJCPAs: Business Tax Hikes to Cover State Budget Shortfalls Hurts Economy
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