What's our problem? If you listen to the state's leaders, the explanation is that New Jersey's taxes are too high and its government too big. If we just cut both tax rates and public services, the state will bounce back. At least that's what we're told... over and over again.
When communities spend scarce funds attracting jobs that don't exist, everyone loses. The taxpayer, schools, local and private sector employers are out millions of dollars and have nothing to show for it. Are there any alternatives?
When a company comes to government, we should have conditions that encourage production to stick in our local economy. We should see a clear public good that raises the standard of living for workers and communities.
Every Republican in the Senate voted against the Act. They voted to continue forcing Americans to give tax breaks to corporations that ship jobs overseas during the worst recession since the Great Depression.
Manufacturers with revenues under $50 million should pay close attention to the Small Business Jobs Act, particularly the elimination of the Alternative Minimum Tax barrier regarding business tax credits.