Gov. Chris Christie signed a budget just shy of $34 billion on Friday in Trenton while using his veto pen to eliminate a proposed tax hike on millionaires and a 15 percent corporate business tax surcharge.
VIDEO: “I don’t have to tell any of you that competition is fierce. I live in South Jersey and see commercials for New York, and they are chomping at the bit trying to steal away our businesses,” said New Jersey Chamber of Commerce Senior Vice President of Government Relations Michael Egenton.
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.
Junior's might make the quintessential New York cheesecake, but its owner, Alan Rosen, has quickly learned that baking it in suburban New Jersey is much easier.
For Mr. Rosen, trading his 20,000-square-foot bakery in Maspeth, Queens, for a 103,000-square-foot facility in Burlington, N.J., has been akin to giving up a cramped city apartment for a mansion in the country. Even the adage about getting more for your money has proved true: Junior's paid $3.8 million for the sprawling property, about the price of a three-bedroom apartment in Manhattan.
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.
We tend to think that millennials, who currently make up the youngest generation in the workforce, are highly advanced because they grew up immersed in transformative technology. However, this is not the case. According to a new report by the Organization for Economic Cooperation and Development (OECD),millennials in the United States rank near the bottom of all workers around the world in skills employers want most: literacy, practical math and even a category called "problem-solving in technology-rich environments." The report is based on a test designed to measure the job skills of adults, aged 16 to 65, in 23 countries.