When Gov. Murphy originally proposed his so-called 'millionaires tax,' he said it was designed to close a revenue gap in the budget.
However, last week, the governor announced that the revenue generated by this new tax would be spent in the form of rebates which families would receive just before the governor and members of the Legislature stand for reelection in 2021. The New Jersey Chamber of Commerce said at the time that politics had eclipsed good fiscal management.
New Jersey business leaders say they were not consulted by Gov. Phil Murphy or the legislature prior to announcing details of a budget deal they say will cost New Jersey jobs and result in more businesses closing.
Tom Bracken, president of the New Jersey State Chamber of Commerce, calls the budget “shameful” and “out of touch with reality.”
Just what the most overtaxed state in the country needs. More taxes during an economic downturn.
Today’s fiscal 2021 budget announcement by Gov. Murphy and state legislative leaders clearly shows that again politics wins out over sound fiscal planning and management in Trenton.
I have been part of New Jersey business community for half a century. I have lived and raised my family in this state.
New Jersey is blessed with some of the best demographics in the country and our location is unparalleled. In the past, we have leveraged those attributes to create a thriving, vibrant economic powerhouse that consistently attracted the best businesses and workers from around the country and around the world.
That is, unfortunately, not the New Jersey in which I live today.
The New Jersey Chamber of Commerce announced today that it is honoring three women who have used talent, hard work and 'outside-the-box' thinking to create economic opportunities and help make New Jersey a better place to live and work. They are:

Yla Eason
Founder, Olmec Toys

Jessica Gonzalez
Founder & CEO, InCharged

Barbara Heisler
CEO, GlassRoots
The New Jersey Chamber of Commerce wishes to salute Linda Bowden for her successful career at PNC Bank, and for all she does for the state of New Jersey.
New Jersey Chamber of Commerce head Tom Bracken and New Jersey Business & Industry Association leader Michele Siekerka led a group of other business leaders on a Zoom media call to discuss Gov. Phil Murphy’s proposed nine-month budget for 2020-21.
They weren’t happy.
As the summer of COVID-19 comes to a hollow end for many beleaguered businesses, Gov. Phil Murphy is proposing a $40.1 billion budget that simply does not reflect the stark reality of our times.
The New Jersey Chamber of Commerce congratulates our state’s public school teachers, administrators and support staffs after a report published in Education Week yesterday ranked our public schools number one in the nation for the second year in a row.
The reopening of indoor dining, movie theaters and indoor entertainment venues is a positive step for the New Jersey economy and the employees in these industries. While we believe it would have been desirable to reopen these businesses sooner, it is time to move forward. Everyone should continue to comply with the medical guidelines outlined by Gov. Murphy and health officials so more businesses can reopen or ramp up to their pre-COVID levels, thus achieving full Phase 3 implementation, and putting more of our citizens back to work.
Now that more and more businesses are opening, the New Jersey Chamber of Commerce urges all businesses and consumers in this state to “Buy NJ” and patronize New Jersey businesses when and where possible.