New Jersey Chamber of Commerce CEO and President Tom Bracken says a meeting between the state's legislative and business leaders is long overdue.
Following up on comments made by Assembly Minority Leader Jon Bramnick (R-Westfield) earlier in the week that legislative leaders should come together to work on a compromise measure in the ongoing Atlantic City saga and should continue to meet on a regular basis, Bracken said that such an idea was encouraging.
N.J. Chamber President and CEO Tom Bracken's statement on Assembly Republican Leader Jon Bramnick's proposal for the legislative leaders and the governor to meet quarterly to discuss issues facing the state:
What Assembly Republican Leader Jon Bramnick is saying is what the New Jersey Chamber of Commerce has been preaching since the New Jersey Business Summit last September: Ongoing face-to-face dialogue is the best way to work through issues the state is facing and the best way to formulate actions and remedies.
Lauren Lalicon has joined the New Jersey Chamber of Commerce as director of government relations, where she will advocate for pro-business issues concentrating on economic development, taxation, and health care. Lauren will be reporting to Michael Egenton, executive vice president of government relations with the Chamber.
New Jersey Chamber of Commerce members exchanged business cards and discussed the latest Chamber programs, events and ways to grow their businesses at a networking event at the home base of NJ Sharing Network in New Providence on April 20.
The state's special account that funds projects to maintain and improve New Jersey's highways, bridges and mass transit will run out of money this July, and many observers are startled by how little progress appears to have been made toward a solution - such as an increase in the per-gallon gas tax to generate new revenue.
New Jersey's business groups welcomed news Tuesday from Gov. Chris Christie that the state's Unemployment Insurance Trust Fund had reached a surplus of about $1 billion and would lead to a roughly $200 million tax cut for employers.
New Jersey businesses will see their taxes drop by about $48 per employee this summer.
Governor Christie announced Tuesday that after running a deficit for several years, the account that pays unemployment claims is now well into the black. Christie said the roughly $1 billion balance in the fund will trigger about $200 million in cuts to the state unemployment insurance tax on businesses. That means the average business, which has paid about $700 a year per employee into the fund, will pay about $652 a year for each worker, the administration said — the first such tax cut since 1998.
Governor Christie's announcement today about tax relief for employers is a win for everyone in New Jersey.
Congratulations to the Christie administration and to the State Legislature for their joint success in revitalizing the once insolvent Unemployment Insurance Trust Fund.
Steve Adubato talks with Michael Egenton, Executive VP of Government Relations NJ Chamber Of Commerce, at the annual “Walk to Washington,” about business issues facing the state including the minimum wage debate, paid sick leave for workers, and tax reforms that would help New Jersey businesses.
A proposal in the Legislature to constitutionally require the state to make payments into its massively underfunded public employee pension fund would only deepen New Jersey’s fiscal problems, warned Thomas J. Healey, who coordinates the work of New Jersey’s bi-partisan Pension and Benefits Study Commission.