Friday, September 08, 2006

Nail in the coffin for NJ business

From the Courier Post Online:

Uniformity under fire at tax hearings

Despite strong testimony against changing the state's uniformity clause, and none for it, lawmakers tasked with lowering property taxes continued lengthy hearings Thursday on the constitutional mandate that all property in a district be taxed equally.

Businesses have led the opposition fearing that removing this protection would lead to higher taxes and devastate an already poor business climate in New Jersey.

"This is not reform, this is shifting dollars," said Thomas A. Bracken, chairman of the New Jersey Chamber of Commerce. "Shifting dollars in this context would be the nail in the coffin for the New Jersey business community."
"The property tax burden in New Jersey has reached the point of break for homeowners," Burzichelli said. "And the uniformity clause, at least in the constitution, is the base and foundation that our tax system is built on."

As businesses tried to ward off a potential threat, representatives for farmers, hospitals and colleges lobbied to keep the tax perks that their groups get through exemptions granted from the uniformity clause.


Anonymous Anonymous said...

Lets not cut state employees and
the bennies, or cut the giveaway
programs. Let hammer business,yes
thats what to do.

The Flight of NJ business will
speed up.

NJ, can Trenton be this stupid.


9/08/2006 06:23:00 AM  
Anonymous Anonymous said...

The general problem with multiple-class systems is that the class receives the most favorable tax treatment also tends to receive the most tax benefit.

9/08/2006 06:44:00 AM  
Anonymous Anonymous said...

Does it not occur to anyone of the so called lawmakers to just cut spending? We have way too many people sucking the breast of the government.

Still wonder, in this current climate, how anyone can think RE is a good investment in NJ.

You gotta be one stupid SOB to be buying RE today.


9/08/2006 07:40:00 AM  
Anonymous Anonymous said...

they have taken the rectum out
of the state with the bloodsucking.

9/08/2006 08:54:00 AM  
Anonymous Anonymous said...

Somebody's ox is going to get gored here.

If spending is cut by 10 percent that would be great, but there has to be a shift of the remaining tax burden if property tax relief is going to be meaningful.

A 20 percent reduction might be possible, but realistically, it ain't happening.

Does anybody here have some idea about what should be cut?

And don't try and raise that privatization crap -- all that does is create a spoils system so some political cronies can get their hands on tax dollars.


9/08/2006 09:59:00 AM  
Anonymous Anonymous said...

Hey, I got an idea. Let's vote for tax-raising sex-addicted democrats. That will solve NJ's problem.

If we just raise taxes and entitlements everything will be fine.

9/08/2006 10:31:00 AM  

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