President Obama’s budget includes several important improvements to the pro-work Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) that would impact more than 750,000 low-wage New Jersey workers. The tax-credit changes would reduce poverty among low-wage workers and their families, reduce income inequality, strengthen work incentives and give a boost to New Jersey’s economy.
When Gov. Chris Christie pushed to expand financial incentives to keep businesses in New Jersey, one of the first companies to benefit was a client of David Samson, a lawyer with a long and close relationship to the governor.
We’ve already detailed how Congress’ failure to renew emergency federal unemployment insurance at the end of last year could harm a quarter-million out-of-work New Jerseyans and tens of thousands of their children. Now we see just how much the inaction is costing New Jersey’s economy – and it’s staggering.
NJPP budget & tax analyst David Rousseau appeared live on NJTV yesterday for the TV network’s special coverage of the state budget address.
A comprehensive five-year study of 288 highly profitable Fortune 500 companies finds that 111 of them paid no federal corporate income tax in at least one of the last five years while one-third paid a U.S. tax rate less than 10 percent over the same period, including 26 that paid nothing at all.
New Jersey has experienced widening income inequality in recent decades, a trend that has accelerated tremendously in the past few years, according to a new 50-state report published by the Economic Policy Institute’s Economic Analysis and Research Network.
In a little more than a week, Gov. Christie will pitch his budget proposal for the coming fiscal year. But he also may be forced to confront a revenue shortfall for this year that could put a squeeze on state finances.
How does the number of New Jerseyans living in true poverty compare to the size of the state’s largest city?
New Jersey Policy Perspective has welcomed William J. Castner Jr., Victor J. Herlinsky and Anastasia Mann to its Board of Trustees.
Consumer health advocates from the NJ for Health Care Coalition and elected officials joined NJPP today to once again call on the Christie administration to submit an outreach plan for use of the funds to the federal government before it’s too late.