Archive for Tag: economy

DePhillips: Murphy serves up corporate business tax hike lite to satisfy appetite for spending

TRENTON, N.J. – Assemblyman Christopher DePhillips denounced Gov. Phil Murphy’s rebranded corporate surtax, announced as a transit fee in Tuesday’s budget message, and said applying it to higher earning businesses will still have devastating consequences for the state’s economy. “Make no mistake, this so-called transit fee is the corporate...

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DePhillips introduces bill to boost state’s angel investor tax credit program again

TRENTON, N.J. – In 2019, Assemblyman Christopher DePhillips sponsored legislation that successfully doubled the angel investor tax credit. Noting increased competition from neighboring states and a lagging economy, he introduced a bill Tuesday to increase the tax credit again. DePhillips’ bill (A5056) increases the tax credit for investments in...

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New Jersey could soon celebrate National Apprenticeship Week

TRENTON, N.J. – Assemblyman Parker Space’s resolution designating the second week in November as National Apprenticeship Week in New Jersey is headed to the governor’s desk after passing the Assembly on Thursday. Apprenticeship programs combine classroom instruction with on-the-job paid training to build a pipeline of highly-qualified workers who...

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South Jersey lawmaker says real estate feud with Del. is about securing economic prosperity for Salem County

TRENTON, N.J. – South Jersey Assemblywoman Beth Sawyer says a centuries-old interstate fight with Delaware over the coastline of Salem County is about securing economic prosperity for future generations. “It’s time to bring this agreement into the 21st century and look at what makes the most sense for the...

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GOP push to lower gas prices, make NJ more affordable and push back on energy mandates ignored by Democrats at Thursday’s Assembly session

TRENTON, N.J. – Three times today Republicans tried to get Democrats to focus on rising gas and energy prices, but each time the majority wasn’t interested. “Today Republicans tried everything in their power to make New Jersey more affordable, and the Democrats stonewalled us,” said Assemblyman Jay Webber (R-Morris)....

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Committee passes Thomson bill allowing county airports to more easily expand, boost economy

TRENTON, N.J. – The Assembly Transportation and Independent Authorities Committee passed Assemblyman Edward Thomson’s bill on Thursday to allow county airports to operate independently, which would aid in expansion and economic development.  The bill (A2861) permits county governments to manage an airport as a public utility, separating it from...

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