Archive for Tag: financial transactions tax

NJ financial transactions tax robs residents’ retirement, says Thomson

TRENTON, N.J. – Assemblyman Edward Thomson said legislation imposing a new tax on financial transactions would deplete the retirement savings of New Jersey taxpayers and threatens our already troubled public employee pension funds. Thomson, an actuary who manages pension plans, said the new tax would be passed on to...

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Webber: Financial transactions tax would simply hurt New Jersey

TRENTON, N.J. – Assemblyman Jay Webber, a member of the Assembly Financial Institutions and Insurance Committee, issued a statement after the committee held a hearing on a proposed tax on financial transactions, such as electronic stock trades. “Today’s Assembly Financial Institutions Committee makes clear that the last thing New Jersey...

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