NEW JERSEY / TAXING NEW JERSEY'S BUSINESSES HURTS CONSUMERS
What Democrats do not realize is that their plan to try and correct one aspect of this issue will destroy what is left of the employment situation here in New Jersey. What does this really mean for consumers? When a business is faced with a new tax they are forced to cover these new expenses by either increasing prices, or laying off employees. A more severe result would be if these businesses simply pack up and desert the state entirely.
TAXING NEW JERSEY'S BUSINESS HURTS CONSUMERS
New Jersey has worked hard to develop a relationship with the countless companies that do business here. We have always prided ourselves on policies and practices that not only protect the businesses we already have, but attract new firms to our great state. New Jersey boasts thousands of businesses large and small, all of which bring in revenue, create jobs, and contribute to our state's prosperity.
Unfortunately the new administration in Trenton is now trying to implement practices that will not only reverse all we have strived for over the past decade, but also drive future businesses from considering the Garden State as their base of operations.
Many New Jerseyans are out of work during this difficult time as unemployment rates continue to soar throughout the nation. The New York Metro area has been particularly hard hit causing residents throughout New Jersey to contend with a scarce job market and difficulty providing for their families.
What Democrats do not realize is that their plan to try and correct one aspect of this issue will destroy what is left of the employment situation here in New Jersey. What does this really mean for consumers? When a business is faced with a new tax they are forced to cover these new expenses by either increasing prices, or laying off employees. A more severe result would be if these businesses simply pack up and desert the state entirely.
This type of legislation will force companies to relocate to surrounding states that are more business friendly and take with it jobs, revenue and ratables. Is this the Governor's solution to the problems that we are facing in New Jersey? If it is, I dread what other initiatives will come out of his office during the next three and a half years.
Many organizations such as the New Jersey Business and Industry Association (NJBIA), which boasts more than 18,000 member companies, around our state, are concerned.
Even small companies that are losing money will have to pay a large tax when they can least afford it." says NJBIA President Arthur Maurice. "This is a tax increase on employers that are the backbone of this economy, the folks who create jobs, pay health benefits, pay their state and local taxes, and keep our economy humming. This tax increase will hurt not only employers, but also their employees and the New Jersey economy."
Unfortunately the new administration in Trenton is now trying to implement practices that will not only reverse all we have strived for over the past decade, but also drive future businesses from considering the Garden State as their base of operations.
Many New Jerseyans are out of work during this difficult time as unemployment rates continue to soar throughout the nation. The New York Metro area has been particularly hard hit causing residents throughout New Jersey to contend with a scarce job market and difficulty providing for their families.
What Democrats do not realize is that their plan to try and correct one aspect of this issue will destroy what is left of the employment situation here in New Jersey. What does this really mean for consumers? When a business is faced with a new tax they are forced to cover these new expenses by either increasing prices, or laying off employees. A more severe result would be if these businesses simply pack up and desert the state entirely.
This type of legislation will force companies to relocate to surrounding states that are more business friendly and take with it jobs, revenue and ratables. Is this the Governor's solution to the problems that we are facing in New Jersey? If it is, I dread what other initiatives will come out of his office during the next three and a half years.
Many organizations such as the New Jersey Business and Industry Association (NJBIA), which boasts more than 18,000 member companies, around our state, are concerned.
Even small companies that are losing money will have to pay a large tax when they can least afford it." says NJBIA President Arthur Maurice. "This is a tax increase on employers that are the backbone of this economy, the folks who create jobs, pay health benefits, pay their state and local taxes, and keep our economy humming. This tax increase will hurt not only employers, but also their employees and the New Jersey economy."
Copyright © 2006 Steve Corodemus Assembly
About Steve Corodemus
Corodemus is an attorney who served in the New Jersey Assembly for eight terms as a representative for the 11th Legislative District, which services communities from Highlands to West Long Branch, Brielle to Spring Lake and Wall to Sea Girt, among others. He received his law degree from Seton Hall University, Newark, and his undergraduate degree from Rutgers University, New Brunswick. He is a former Atlantic Highlands councilman, and resides in Atlantic Highlands with his wife and daughter.
Assemblyman Steve Corodemus, Republican
40 First Ave., Atlantic Highlands, NJ 07716
(732)-708-0900
http://www.njassemblyrepublican
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