GOVERNOR CORZINE ISSUES DOUBLE WHAMMY TO MIDDLE CLASS TAXPAYERS AT HOME AND WORK
While most of the focus of Gov. Jon S. Corzine?s budget proposal has rightfully been on his decimation of the state?s middle class, his assault on the business community should not be forgotten, Assemblymen John Amodeo and Vince Polistina, both R-Atlantic, said today.
?New Jersey lost roughly 100,000 jobs over the past year and Governor Corzine?s response is to raise the payroll tax and extend the supposedly-expiring corporate business tax surcharge,? Amodeo said. ?These tactics will only cost more New Jerseyans their jobs at a time when we need to be doing everything we can to maintain employment.?
Corzine proposed yesterday a payroll tax increase between $70 and $85 per employee and an extension of a corporate business tax surcharge that essentially taxes business 4 percent on the taxes they already pay.
?The prospects of keeping a job in New Jersey just grew dimmer on the same day the governor announced large property tax increases through a triple threat of cuts to municipal aid, loss of the property tax deduction and virtual elimination of rebate relief,? Polistina said. ?Until Trenton Democrats make a genuine effort to cut their bloated bureaucracy, we will oppose all efforts that will worsen New Jersey?s deteriorating job base and drive out hard-working middle-class families.?