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Murphy hails new tax break law as investment in state s economy

Credit: (Edwin J. Torres/Governor’s Office) File photo: Aug. 25, 2020, Gov. Phil Murphy delivers address on his revised budget at SHI Stadium, Rutgers University. Seated are Assembly Speaker Craig Coughlin (left) and Senate President Steve Sweeney. Gov. Phil Murphy signed into law on Thursday a massive, $14 billion corporate tax-break bill that he said will help foster a stronger state economic recovery coming out of the coronavirus pandemic. The new law’s enactment comes less than a month after the bill was introduced and put on a fast track by lawmakers following a deal reached with Murphy that resolved several longstanding economic-development policy disagreements.

Column: Ohio can learn from New Jersey to rebalance tax law

Column: Ohio can learn from New Jersey to rebalance tax law The Columbus Dispatch © Provided Caitlin Johnson Ohioans of all walks of life are doing their part during the pandemic. Exhausted health care workers keep caring for our sick friends and family members. Teachers, pivoting from in-class to remote instruction, still give special attention to students who need it. Even though they’re often paid low wages, grocery store clerks risk exposure to stock our shelves. COVID-19 proves that everyone does better when we all pull together. Popular Searches But today, certain state policymakers use tax breaks and cuts to direct our public resources to the wealthy few. The pandemic recession puts increased pressure on the state budget, which Ohioans depend on to fund services we all need.

Our view: NJ economy, politics require rushed tax breaks for businesses

Our view: NJ economy, politics require rushed tax breaks for businesses
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