In an op-ed published on NJ.com and in the Newark Star-Ledger on June 17th, GSI President Regina Egea tackles the proposal offered by Senate President Steve Sweeney to raise New Jersey’s corporate tax to the highest in the nation. Such a move, Ms. Egea argues citing a competitiveness study researched for GSI by EY, would severely hamper the state’s ability to retain and attract businesses.
In an op-ed published on APP.com and six Gannett New Jersey newspapers, GSI President Regina Egea taps her years of experience in the private sector as well as in local and state government to offer real opportunities to reform our state government and return property tax savings where it belongs - to the taxpayers.
Even if New Jersey dramatically cuts the corporate income tax, it would still have to slice the sales tax to compete effectively with lower-tax states. While New Jersey looks at increasing taxes, its competitor states are looking at how to decrease them as a way to boost business and industry. Increasing taxes will only further the climb required to grow the economy.
Those are some of the findings from the new report released by the Garden State Initiative. The report details New Jersey’s business competitiveness compared with five states: Connecticut, New York, Pennsylvania, North Carolina and Ohio. The study delves into commercial and manufacturing industries that face off against each other across state lines.
Click here to download a PDF of the full report.
The Garden State Initiative is dedicated to making New Jersey a place where families and businesses can thrive.
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We work with the public, policymakers, and partners throughout the state to build a sustainable, effective economic infrastructure for today and tomorrow.
We stand with job creators big and small, entrepreneurs, and hard-working citizens to help make their voices heard in the policy debate.
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New Jersey has the highest per capita property taxes in the country — see 2017 average property for every state municipality below — yet all one reads about are the elected officials arguing about which other taxes need to be raised. The professionals are right, New Jersey has an addiction to spending and we need an intervention.
"The top concern on the minds of New Jerseyans is the perennial issue of property taxes, with 45 percent calling it one of the most important issues facing the state," writes Christian Hetrick about the new Monmouth University poll.
Editorial: "Now that they have the governorship as well as control of the Legislature, the state’s Democrats have wasted no time increasing the burden on New Jersey’s heavily regulated and taxed businesses."
Andrew Soergel reports on the latest Mercatus Center rankings of state fiscal health. No surprise, New Jersey is last.
Political consultants Mike DuHaime, a Republican, and Julie Roginsky, a Democrat, welcome the presence of the Garden State Initiative in the state debate.
GSI President Regina Egea tells Zachary Williams that Gov. Murphy's proposed tax hikes will hurt the middle class and not just millionaires.
ROI-NJ excerpts the opening statements of economists Arthur Laffer and James Wetzler, who spoke at the GSI Economic Policy Forum.
GSI President Regina Egea fires back at a political operative who wants to knock the spirit of bi-partisanship and open discussion displayed at the Economic Policy Forum.
Michael Aron, NJTV's chief political correspondent, gives his take on the GSI Economic Policy Forum, from famed economist Arthur Laffer’s comparison of New Jersey to a drug addict to the running debate on taxes.
James Freeman, assistant editor of The Wall Street Journal's editorial page, was among the speakers at GSI's Economic Policy Forum on May 2. He wrote about his experience at the forum in his "Best of the Web" column.
