Gov. Phil Murphy and his fellow Democrats leading the Legislature in less than a week have rushed through a plan for more corporate tax breaks than ever.
This is the same Murphy who last year railed against the state tax credits that benefited South Jersey businesses and his political foes within his party. The same who let New Jerseyâs tax incentives program expire last year and insisted on a hard cap on total tax credits that legislators rejected.
Well, after months of talking with each other, corporations, unions and other special interests, Democratic leaders are finally on the same page â and it says the state will offer up to $14 billion in tax breaks over seven years.
The Gov. Phil Murphy who struck an agreement to revamp and expand the state s politically tainted corporate tax incentive program is not the same Murphy who waged war on the program a year ago.
Back then, those entrenched in the grassroots ranks of the New Jersey Democratic Party heralded Murphy as the new, progressive Moses who would lead their flock to the promised land of reform a land where taxpayer dollars are doled out by merit, not simply to those with political clout.
But by agreeing to a complicated, 219-page agreement that was approved Monday by both houses of the Legislature after less than a week of deliberation, Murphy instead led Democrats back to the old, familiar confines of the Trenton backroom.
N J lawmakers say yes to billions in corporate tax breaks, in less than a week inquirer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.com Daily Mail and Mail on Sunday newspapers.
NorthJersey.com
The Gov. Phil Murphy who struck an agreement to revamp and expand the state s politically tainted corporate tax incentive program is not the same Murphy who waged war on the program a year ago.
Back then, those entrenched in the grassroots ranks of the New Jersey Democratic Party heralded Murphy as the new, progressive Moses who would lead their flock to the promised land of reform a land where taxpayer dollars are doled out by merit, not simply to those with political clout.
But by agreeing to a complicated, 219-page agreement that was approved Monday by both houses of the Legislature after less than a week of deliberation, Murphy instead led Democrats back to the old, familiar confines of the Trenton backroom.
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Good Tuesday morning!
The virtual lame duck came to an end yesterday. In a few short days, the Legislature tackled marijuana legalization, a reorganization of the state’s largest health insurer and last but definitely not least a $14.3 billion tax incentive bill.