Senator Joe Kyrillos, ranking Republican on the Senate Economic Growth Committee, expressed his disappointment that the non-partisan, non-profit Tax Foundation ranked New Jersey last in business tax climate again.
“For years my colleagues and I have been warning the Corzine Administration that their pursuit of ideologically radical economic policies was dangerous and unsustainable,” Kyrillos stated. “Now, the non-partisan Tax Foundation has ranked New Jersey dead last in business tax climate for the fourth year in a row.
“No wonder the outmigration rate in New Jersey is so high. The Mayflower Transit study reported that only three other states had higher outmigration rates than ours.
“It is obvious that if New Jersey is to regain its standing as an economic powerhouse, change in the attitudes and tax policies of career bureaucrats, regulators and leaders in Trenton must take place, sooner rather than later.”
Link to the Tax Foundation report: http://www.taxfoundation.org/publications/show/22658.html
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September 21, 2011
