Senator Thomas Kean, (R-21), issued the following statement regarding reports that the State Chamber of Commerce endorsed the Governor’s massive new road tax.
“I am disappointed that the Chamber would endorse a $40 billion borrowing proposal without so much as a cursory glance at the yet to be released legislation or the concession agreement. No business executive that I know would borrow $40, much less $40 billion based on a set of talking points.
“I believe that this proposal has the potential to hurt the businesses and families of New Jersey. We must concentrate on cutting spending first, and establishing constitutional reforms. A constitutional cap on spending and a constitutional cap on borrowing without voter approval should be adopted as soon as possible.”
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February 20, 2008
