Politico is reporting that $540 million that could be used to fund a portion of the Gateway tunnel project will be included in the final spending bill that has to be enacted by midnight Friday. Citing “two people close to the budget negotiations,” Politico said the deal would avoid President Donald Trump’s veto because it […]
The New Jersey Business & Industry Association today urged voters to approve Public Question No. 2 on the ballot Tuesday, November 8—the proposed constitutional amendment ensuring all motor fuels tax and petroleum products gross receipts tax revenues that are collected go toward infrastructure projects. If the funds are not constitutionally dedicated to this purpose the […]
The New Jersey Business & Industry Association praised the bipartisan compromise to reauthorize the Transportation Trust Fund that was announced today. In particular, NJBIA is pleased that the compromise includes the elimination of the estate tax and the increase in the income tax exclusion for retirement income.
The New Jersey Business & Industry Association said fiscal accountability prevailed at the Statehouse today as the Senate allowed the Aug. 8 statutory deadline to pass for placing a constitutional amendment about public pensions on the ballot in 2016, effectively shutting down the effort that would have led to yearly budget crises and tax increases […]
The New Jersey Business & Industry Association said Wednesday repealing the estate tax must be part of any new legislative compromise on tax fairness.