Reacting hours before Democrats made their formal announcement, New Jersey business leaders and Republican state lawmakers on Monday blasted them for trying to raise taxes on millionaires and corporations to raise money for the public worker retirement system.
Business groups and Republican legislative leaders held a joint news conference Monday to speak out in opposition to a proposal put forth by state Democrats that would increase taxes on New Jersey residents earning more than $1 million in annual income.
VIDEO: Comcast Newsmakers' Jill Horner speaks with NJ Chamber Senior Vice-President Michael Egenton about the South Jersey Pipeline Project.
Mark B. Grier, vice chairman with Prudential Financial and NJ Chamber board member, today spoke in support of Common Core State Standards and the controversial PARCC Statewide Exams that were implemented in the state’s schools this year. Grier said the standards will help students emerge from high school better prepared for college and careers, and will give New Jersey a more skilled workforce.
Watch Steven Pressman, an economics professor at MU and Michael Egenton, Senior VP of NJ Chamber of Commerce to talk about minimum wage on Another Thing with Larry Mendte.
Scaling back New Jersey's business tax breaks would have "a devastating impact" on the state, the state Chamber of Commerce told a key budget committee today.
"There's an economic war going on out there," Michael Egenton, senior vice president of the statewide chamber group, told the state Assembly Budget Committee during its all-day public hearing today at the Statehouse that drew more than 75 people with thoughts about Gov. Chris Christie's proposed $33.8 billion budget for the fiscal year beginning July 1.