Americans for Prosperity, the state’s leading grassroots, free-market organization is blasting a proposal to bail out municipalities when they lose a corporate headquarters from their community. The so-called "Corporate Disinvestment Property Tax Relief Act", which would authorize up to $13.5 million in state aid to affected municipalities, passed the Senate Community and Urban Affairs Committee with support from bill sponsors Sen. Ron Rice (D-28, Essex) and Sen. Nia Gill (D-34, Essex, Passaic) along with Committee Chairman Sen. Jeff Van Drew (D-01, Cape May, Atlantic, Cumberland).
“The Democrats in the state Legislature continue to evade the consequences of their anti-jobs, anti-business agenda. Companies like Hertz and Roche are bolting from our state and taking good, high-paying jobs with them because they’ve had enough of New Jersey’s oppressive business climate,” stated Daryn Iwicki, AFP-NJ’s deputy state director. “New Jersey entrepreneurs and job creators are sick and tired of dealing with the onerous taxes and regulations foisted upon them by the Democrats in the Legislature and who are backing this bill.
“If Democrats in the Legislature weren’t busy all the time attacking our job creators, maybe they wouldn’t feel the need to leave—and nor would the Democrats have to resort to concocting ridiculous schemes like this one that will do nothing to help New Jersey business owners or suffering property tax payers.
“So instead of focusing on the real reasons why companies leave, legislators are focused on how we can make New Jersey residents pay for their own shortcomings. The answer is simple, do the work on the front end of lowering taxes on business and become more competitive among other states and companies won’t leave, end of discussion. I am tired of listening to elected officials cry foul about companies not giving them a chance to stay here in New Jersey by giving them a ‘special deal’. The fact of the matter is companies have given legislators a chance for decades and all legislators have done is continued to punish businesses.
“You can give this bill all the soft and fuzzy names you want, but the bottom line is no amount of newspeak is going to alter the reality of schemes like this one are destroying the quality of life for New Jersey residents and driving people out.
“It’s time to start cutting taxes and spending in New Jersey and get off the backs of hard-working New Jerseyans who are only striving to be successful, provide for their families, create jobs, and make New Jersey a better place, more prosperous place to live.”