In Gov. Phil Murphy’s State of the State address today, he continued to promote his vision of a “fairer and stronger” economy.
While we can all support the concept of a “fairer and stronger” economy, the social programs that comprise the “fairer” economy must be paid for by the economic progress of a stronger business climate.
The New Jersey Chamber of Commerce supports the Governor’s call for smart infrastructure spending, more responsible fiscal management in Trenton, increased shared services and investments in workforce development and education.
The Governor was correct to cite the concerns of business executives who need qualified workers, and we are anxious to hear more about the Governor’s initiatives in this area, including Jobs NJ.
However, the Governor did not address the single largest issue preventing us from generating the “stronger” economy we all want - New Jersey’s affordability and competitiveness.
The Governor again advocated for more taxes in a state with a business climate ranked dead last by the Tax Institute because we already have the nation’s highest tax burden.
For New Jersey to develop a “stronger” economy to support the “fairer” economy, we need to do more to reduce our tax burden and end the constant and costly mandates imposed on our businesses.