As New Jersey’s economy struggles to recover from its Great Recession lows, bumbling along at number 13 on the list of states with the highest unemployment, Christie has trumpeted massive tax breaks as a way to turn the economy around.
Proposed federal legislation to increase the minimum wage to $10.10 per hour includes a provision raising the tipped minimum to 70 percent of the full minimum wage. But with the federal legislation unlikely to make serious headway, New Jersey policymakers need to step up to ensure greater economic security for the state’s low-wage tipped workers.
New Jersey is in danger of becoming a failed state. Not in the same way as Somalia and other truly desperate places, but compared to its peers in America, New Jersey is sliding toward failure, with statistic after harrowing statistic to prove it.
Where are the wealthy New Yorkers moving? Not to tax havens, that’s for sure.
This week the U.S. House of Representatives took a big step towards making a temporary ban on state and local taxes on internet access permanent by approving the “Permanent Internet Tax Freedom Act.” But taking away the ability of state and local governments to levy this tax is the wrong way to go and ties the hands of policymakers in New Jersey and other states.