Senator Joseph Kyrillos (R-13) made the following statement after learning that a study conducted by the New Jersey Business and Industry Association ranked business confidence in the state at recession levels.
“We had to hit rock bottom before Governor Corzine and Democrats in the Legislature heeded our suggestions and are finally attempting to undo the long-term damage their tax policies did to our state’s economy. I’m confident they will act more quickly to ease the twin burdens of over-taxation and excessive regulation on the businesses we depend on to create jobs in our state, after seeing this latest report.
“It’s no wonder that New Jersey has gone from being the economic engine of the entire Northeast in the 1990s to the leading state in the nation for job loss so far in 2008. In just six short years, we have almost destroyed a hard-earned reputation for business-friendly policies that played a crucial role in the creation of the prosperity we once enjoyed. Incredibly, published reports by a leading economist indicate that New Jersey will actually lose private sector jobs in this decade for the first time since the Great Depression.
“New Jersey is a great state with a smart work force located in the perfect location to prosper from the high-earning populations of the New York and Philadelphia metropolitan areas. We have to restore ourselves to our rightful place as the top tier economy in our region.”
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March 19, 2008
