For many, Memorial Day weekend is the unofficial start of summer. Vacationers flock to the shore, families start having cookouts, and kids start counting the days until school’s end. Soon, they’re going start looking for summer jobs. This being New Jersey, we know there are a lot of rules when it comes to hiring students, […]
NJBIA News & Opinion
The communications staff at the New Jersey Business & Industry Association provides daily news about issues that affect the business community. You can browse our articles or receive them direct to your inbox by signing up for our daily e-news service, New Jersey Business Today. In addition, members receive our award-winning monthly magazine, New Jersey Business.
A study by two university economists estimates that New Jersey would lose nearly 32,000 jobs in six years if it increases its minimum wage to $15 an hour. Meanwhile, Politico is reporting that such an increase would hurt the state’s ability to provide various Medicaid-funded services. In 2014, the nonpartisan Congressional Budget Office (CBO) estimated […]
The Internal Revenue Service (IRS) is warning states like New Jersey that it will not allow them to use charitable deductions to get around the cap on State and Local Tax (SALT) deductions. The agency issued a notice yesterday stating “that federal law controls the characterization of the payments for federal income tax purposes regardless […]
When the European Union’s General Data Protection Regulation (GDPR) goes into effect on Friday, any American company that processes personal data of EU citizens will be covered by the law. GDPR grants consumers the “right to be forgotten,” and companies will have a duty to secure that. Not only will this impact companies that deal directly with the […]
NJBIA President and CEO Michele Siekerka is urging policymakers to ease off on the litany of costly mandates and revenue raisers under consideration during this critical budget season. In an op-ed in today’s Bergen Record, she observes that Gov. Phil Murphy has proposed increasing taxes by $1.7 billion in the upcoming budget even as he […]