July 16th, 2014 by Jon Whiten | 5 Comments
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.
June 11th, 2014 by Jon Whiten | No Comments
New Jersey has awarded more than $4 billion in tax subsidies and credits to businesses this decade in a largely unsuccessful attempt to spur economic activity and boost the state’s crawl out of the Great Recession.
May 9th, 2014 by Mike Soszynski | No Comments
Inflation has eroded the value of New Jersey’s gas tax so badly that it is at its lowest level in history – and will only erode further without action, according to a new report from the Institute on Taxation and Economic Policy (ITEP).
May 1st, 2014 by Jon Whiten | No Comments
New Jersey families hoping to send their children to college continue to face a perfect storm of declining income, cuts in state support to public colleges and universities, and steadily increasing tuitions and student fees.
April 29th, 2014 by Jon Whiten | No Comments
Increasing the federal minimum wage to $10.10 an hour and indexing it to inflation would boost the wages of three-quarters of a million New Jerseyans, providing these workers – the overwhelming majority of whom are adults – with greater economic security and allowing them to have a firmer foothold on which to climb into the middle class.
April 24th, 2014 by Jon Whiten | 1 Comment
In order for its economy to remain competitive, New Jersey needs a state-of-the-art transportation network and must be willing to make serious investment to maintain, improve and expand this important asset.
April 17th, 2014 by Jon Whiten | No Comments
New Jersey’s policymakers should adopt two simple reforms that would make the corporate tax more sensible, transparent, and productive: first, establish a floor on corporate taxes paid below which a company would be ineligible for state tax incentives; and adopt “combined reporting” to prevent businesses from shifting profits out-of-state in efforts to reduce taxable profits.
March 24th, 2014 by Jon Whiten | No Comments
New Jersey’s veterans had an unemployment rate of 10.8 percent in 2013, the highest of all 50 states.
March 5th, 2014 by Jon Whiten | No Comments
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.
February 26th, 2014 by Jon Whiten | 1 Comment
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.