TRENTON, N.J. – Assemblyman Christopher DePhillips has long argued that New Jersey’s nation-high corporate tax rate contributes to outmigration. The latest figures from the U.S. Census Bureau support his point – residents are leaving New Jersey to live in states with lower taxes like Florida, Texas and South Carolina....
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TRENTON, N.J. – A Moody’s study found that the average American household is rent burdened, defined as spending 30% or more of their income on housing costs, for the first time in history. New Jersey has had this problem for years. “This 30% is a symbolic threshold, a milestone,”...
TRENTON, N.J. – In response to surging state revenues and record-high inflation, Assembly Republican Leader John DiMaio and Assembly Budget Officer Hal Wirths on Tuesday announced a four-point plan that would provide residents immediate relief in this year’s state budget and achieve sustainable tax reforms. “Taxpayers can’t wait for...
TRENTON, N.J. – In a letter to Gov. Phil Murphy, Assemblyman Brian Bergen invites the governor to follow through on his pledge to not only not raise taxes, but lower them, by requesting several bills be posted for a vote during the lame duck session. “You have the power...
TRENTON, N.J. – Gov. Phil Murphy began his press conference Wednesday citing the Center on Budget and Policy Priorities estimates of nationwide state-revenue losses totaling over $550 million. Assemblyman John DiMaio pointed to another report by the same group outlining how borrowing is not “a viable, legally permissible, or...
TRENTON, N.J. – Expectations were shattered for job and wage growth yet again as tax and regulation cuts have boosted business across the nation. Jobs increased by 87,000 more than expected to 225,000 new employees in January, which was also the eighteenth consecutive month for wage growth of at least...