“If I were asked to make a list of tax policy changes that would do maximum harm to New Jersey’s competitive position and long-term economic vitality, I would have a hard time improving upon the last-minute budget compromise announced on June 30. The months of budget brinksmanship might have been worthwhile had they resulted in a better budget supported by better tax policy. But, alas, once again New Jersey’s leaders took the easy way out while making some of the worst tax policy choices possible.”
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