Economic Growth Should Be Focus of New Legislature
Senator Joseph Kyrillos issued the following statement in response to the news that New Jersey has lost more than 10, 000 jobs in 2008 and the unemployment rate has jumped to 4.8 percent.
“The latest report on employment confirms what I have been saying for a long time: New Jersey needs a new and dynamic strategy to attract private industry. The policies of the last six years have damaged the economy and caused jobs and businesses to flee New Jersey.
“The Governor and the Legislature should adopt strategic tax cuts to give businesses relief from crippling state policies and a failing economy. Additionally, we must reduce the state’s budget deficit, and invest in high growth industries. Our entire economic agenda should be focused on bringing good jobs to the state.
“Our quality of life depends on businesses locating and flourishing in New Jersey. We are competing not only with other states, but with countries around the world. We need business-friendly policies that put New Jersey first on the list for industries seeking a place to grow.”
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August 4, 2008
