In the latest misguided effort to turn around struggling Atlantic City, some New Jersey legislators are proposing to give so-called “A-List” entertainers very big tax breaks if they perform in the city at least four times a year.
Since the recession began in December 2007, New Jersey has approved a whopping $6.4 billion in corporate tax subsidies and cut business taxes by $2.3 billion in an effort to grow the economy.
Congrats are in order – and what better way to celebrate than by reading some of Brandon’s recent work on earned sick days and the minimum wage?
Official estimates of a tax break’s economic benefits to the state should not be any longer than the length of time the corporation is required to uphold its end of the deal.
Proposal would still largely benefit those who are well off and have a negligible economic benefit while taking away important resources that could be invested instead in the building blocks of a strong state economy.
New Jersey Policy Perspective (NJPP) Board Chair Kathy Crotty has died, NJPP has learned. Kathy had been a NJPP trustee since 2010 and was elected Chair in December 2014.
After six full years of the program, New Jerseyans have been approved for 167,141 paid leave claims and received $463 million in benefits.
Proposal would harm New Jersey’s budget, its low-income residents and its economy while reversing the progress the state has made in recent years thanks to the Medicaid expansion.
To NJ Transit’s credit, they traveled around the state to nine public hearings in May. But clearly NJ Transit – and the governor and the legislature too – didn’t listen.
Last night NJTV News anchor Michael Hill had NJPP president Gordon MacInnes on for a sit-down conversation about New Jersey’s overuse of, and over-reliance on, corporate tax breaks.