Legislation allowing municipalities with populations over 200,000, specifically Jersey City, to impose a 1 percent employer payroll tax would add yet another expense to businesses already facing a host of costly mandates in the highest taxed state in the nation, the New Jersey Business & Industry Association (NJBIA) said today.
Following today’s Senate Budget and Appropriations Committee, Andrew Musick, NJBIA Vice President, Government Affairs, said the proposed legislation (S-2581) would have a negative impact on businesses and NJBIA members that call Jersey City home.
“This tax proposal would place an additional burden on businesses of all sizes and increase their cost of doing business,” Musick said. “Many companies have been courted by Jersey City and have made significant capital investments, including adding employees, due to the lower cost structure compared with New York City.
“This additional tax would add to the already high property taxes, new labor mandates and energy mandates passed over the last few months. The cumulative impact of all these new regulations, as well as the tax increases contained in the FY2019 Budget Proposal, will further impact the competitiveness of Jersey City.”
In the words of Phil Murphy, “You’ll never notice the difference”
He’s an idiot! They are just going to push all business, large and small out of New Jersey. Then it will look like Chicago.
A governor who will continue to push against businesses until he sees those businesses leave en masse. It’s a numbers game to him.
Please strongly oppose. This will only open a door for local taxation that will soon be allowed in all municipalities, then counties. There is no quenching this governor’s appetite for taxes. Who is going to throw a net over him to curtail these ridiculous proposals? I hope our legislature wakes up before it is too late.
There is so much government regulation in trying to run a small business – at all levels of government – that they almost defy you to stay in business. The effect on large businesses in NJ will drive them out of state – and force small businesses to close their doors. Wake Up, Gov’na!
When will they realize they need to fix government not raise taxes. They need to work from the ground up and figure out how to cut cost instead of asking businesses and the people of NJ to pay their bills. People can”t wait to get out of this great state and its sad. Less people less revenue, we can’t keep going in the same direction.
When you elect a Gov who tells you in his campaign he will be raising taxes and revenues then that is what he will do. He has more interest in legal marijuana and becoming a sanctuary State than trying to make NJ business friendly. As a small business owner I can only say if I could leave this State I would go tomorrow. We as business owners are looked at only as a source of funding for the waste in State Government!
This proposed tax is just the first salvo of a new era of taxation. In a couple of years, it will be cities with populations over 100,000 and before you know it, it’ll be municipalities with populations over 10,000.
Government introduces tax concepts in small doses while capitalizing on any federal government reductions. With newly minted decreased income taxes, better to pump up an increase elsewhere least taxpayers get used to additional pocket change. In this way the public will better appreciate state-mandated minimum wage growth, making it seem as though the government is helping the middle class, as opposed to raping it
Tax the rich feed the poor until there are rich no more!
I just signed the petition, “Citizens of NJ: Recall Governor Murphy.” I think this is important. Will you sign it too?
Here’s the link:
https://www.change.org/p/citizens-of-nj-recall-governor-murphy?utm_medium=email&utm_source=petition_signer_receipt_ctrl&utm_campaign=triggered&share_context=signature_receipt&recruiter=433608134
The decision to move my business out of NJ is just getting easier and easier courtesy of Murphy.
The man said he was going to raise taxes if he was elected.
He is doing what he said he would.Who would vote for higher taxes?
All the Democrats in NJ.