TRENTON – The N.J. Business and Industry Association said a 10 percent across-the-board tax cut – proposed today by Gov. Chris Christie – would boost business in the state.
“Governor Christie’s bold plan to cut New Jersey’s income tax rates for all New Jerseyans will boost the state’s economy and encourage businesses to expand and create jobs for New Jersey workers,” NJBIA President Philip Kirschner said in a release. “The Governor has made it clear: New Jersey is not going to return to the high-tax policies of old, but will build upon the many bipartisan successes that have improved the state’s business climate and created private-sector jobs.”
“After a two-year period that saw major property tax reform, ongoing regulatory reform and enactment of major business tax reforms, the stage has been set to go even further. The Governor understands that putting more money in the hands of the private sector will generate the jobs and economic activity we need to not only solve our current fiscal problems, but also put us on a path to be an economic powerhouse again.”