Senator Joe Kyrillos (R-13) issued the following statement in response to the release of the Boston College Migration of Wealth Study which shows that New Jersey’s high-tax policies have resulted in a population flight of entrepreneurs and job creators to lower-tax states:
“This discussion is about one thing and one thing only – the critical need to create permanent, quality jobs for the middle class of New Jersey. It’s the entrepreneurs and small businesses owners that generate the stable, high-paying jobs we need to recruit and retain in New Jersey to build a new foundation for a strong economic recovery.
“Any economist – liberal or conservative – will tell you that New Jersey’s outrageous taxes on everyone have made our state increasingly unaffordable. It’s common sense that if these taxes continue to be the highest in the country, entrepreneurs will look to open businesses and create permanent jobs in other states.”