NJ small businesses need permanent tax cuts if New Jersey hopes to move from worst to first in rankings of State business tax climates. Business-friendly States like Texas and Indiana are actively trawling with wide nets to lure New Jersey businesses out of the Garden State.
“Laurie Ehlbeck is the state director of the National Federation of Independent Business in New Jersey. It’s no secret that high taxes are a huge problem in the Garden State. Gov. Phil Murphy even said recently that New Jersey is “not your state” if taxes are one of your top concerns. The 2017 federal tax cuts were a major source of relief, but many of our state’s small businesses won’t notice any savings if Trenton continues to raise state taxes and institute costly mandates. Instead of scaring Jersey’s small businesses away, our state leaders should follow Congress’ example and cut taxes, not raise them…The nonpartisan Tax Foundation just ranked the state dead last for its horrible business tax climate.”
Read: NFIB’s Ehlbeck: N.J.’s small businesses need permanent tax cuts at ROI-NJ