While we certainly understand legislators’ attempts to energize the Atlantic City economy, an economy crucial to the state’s operating budget, we agree with Gordon MacInnes of New Jersey Policy Perspective, who called the bill a “silly” waste of taxpayer money.
The argument to cut or eliminate New Jersey’s estate or inheritance taxes is built on four flawed foundations.
While Congress would have to act to stop offshoring, state legislators must step up to stop New Jersey’s subsidies to offshoring companies.
If entertainers want to “do AC,” New Jersey should tax them and use the revenue for important resources to actually build the state economy, like good schools and efficient transportation networks.
Fixing the state’s transportation mess is crucial, and it will cost money. But the price tag for safe roads, modern bridges and efficient trains shouldn’t be a big tax cut for a few, mostly wealthy, New Jerseyans.