And scenes like this will be memories:Posted: October 17th, 2013 | Author: Art Gallagher | Filed under: Economy, NJ Constitution | Tags: #P2, Minimum Wage, NJ Constitution | 4 Comments »
By Tom Bracken, Laurie Ehlbeck, John Holub and Stefanie Riehl
New Jersey’s voters face an important choice on Nov. 5. We can either make annual job losses a permanent part of our state’s constitution, or we can send the minimum-wage debate back to the state Legislature where it belongs.
For the sake of New Jersey’s economy, we hope our state’s voters will choose the second path and vote no on Public Question No. 2.
Public Question No. 2 may seem well-intentioned at first glance, but its placement of future annual increases in the minimum wage on a constitutional autopilot is the wrong policy at the wrong time.
On a constitutional level, this minimum-wage hike should not be placed in the state’s founding charter. Instead, it’s an issue that deserves good, old-fashioned back-and-forth and political compromise between the Legislature and Governor’s Office. In fact, both the governor and Legislature admit that they already support a minimum-wage hike.
The minimum-wage debate belongs in the Legislature, not the constitution. For this reason, both Republicans and Democrats — including those who otherwise support an increase in the minimum wage — have spoken out against this irresponsible and harmful proposal.admin | Filed under: 2013 Election, Economy, NJ Constitution | Tags: John Holub, Laurie Ehlbeck, Minimum Wage, New Jersey Business and Industry Association, New Jersey Chamber of Commerce, New Jersey Retail Merchants Association, NFIB, Public Question #2, Stefanie Riehl, Tom Bracken | 1 Comment »
#1. The craziest f*er at the table ALWAYS wins, if you’re not him, don’t start the negotiating.
#2. Have a f*ing plan. Make sure the plan encompasses more than the previous five minutes and the next five minutes. The plan has to work even if it’s obvious and exposed to your opponent, otherwise it will not work.
#3. NEVER admit defeat. Even when you are defeated. No one likes a loser, and everyone hates a self-professed loser.
#4. Make sure your team knows the plan and knows they will personally be hurt if the strategy is not followed.
#6. When your opponent is self-destructing stay silent.
#7. NEVER doubt your victory, never talk about defeat, even in the face of certain defeat. There is no consultation for those who predict their own defeat.
#8. Communicate immediately, tirelessly and without ceasing to everyone.
#9. Feed the beast (news outlets) with stories of how your opponent is making everyone miserable and is killing women and children. Positive stories don’t move anyone, EVER!
#10. If you’re not the craziest f*er at the table, DON’T START THE NEGOTIATING AND FIND SOMEONE ELSE TO BE THAT PERSON.
Publisher’s note: Wondering the relevance of Dan’s column to current political events? Read this piece, How Reid and Obama disarmed Boehner, and how to solve the problem, by Dan Calabrese at Best of Cain.com
With bi-partisan fanfare, Governor Chris Christie signed the Economic Opportunity Act yesterday afternoon. The new law,which Christie reshaped with his conditional veto, is far-reaching legislation designed to make New Jersey more competitive in economic development and job creation.
Economic incentives for business and development will now be more generous and easier to obtain.
State Senator Joe Kyrillos, a primary sponsor of the bill, celebrated the enactment of the legislation and called for more comprehensive tax reform.
“We got this done to boost New Jersey’s private-sector economy, because many Republicans and Democrats realize that this legislature desperately needs to do more to attract and retain job creators,” said Kyrillos (R-Monmouth). “We came together; we compromised to create more opportunities for New Jersey families. This should be the bridge to comprehensive tax reform that New Jerseyans have been waiting on for far too long.”
“It is encouraging that Democratic prime sponsor Senator Lesniak acknowledged the following during Thursday’s session: ‘We know that New Jersey cannot compete not only with our surrounding states but we can’t compete internationally because of the cost of doing business here we know is high,’” Kyrillos added. “This is a problem that Senate Republicans have tried to permanently address for years. With more Democrats now realizing the issue, the chances that this legislature will finally fix this state’s non-competitive tax structure are much better. When we get this done, residents won’t have fear that our sons and daughters will be forced to flee this costly state to start their families elsewhere, or that they won’t be able to find solid jobs because employers can’t afford to operate here.”
Posted: September 19th, 2013 | Author: Art Gallagher | Filed under: 13th Legislative District, Chris Christie, Economy, Joe Kyrillos | Tags: Chris Christie, Economic Opportunity Act, Governor Chris Christie, Joe Kyrillos, NJ Legislature, Tax reform | 1 Comment »
Jonathan Perelman, CPA | Friedman LLP A clinical-stage biopharmaceutical firm is the first beneficiary of an investment from an angel using the New Jersey Angel Investor Tax Credit program. Approved at the New Jersey Economic Development Authority (…
Art Gallagher | Filed under: Economy, EDA, NJNewsCommons | Tags: Angel Tax Credit, biopharma, EDA, Friedman, Jonathan Perelman, LLP, NJ EDA, RePost | No Comments »
Save Jersey bloggers have spent a lot of time discussing how a minimum wage hike will kill jobs if this fall’s ballot question passes.
What we haven’t discussed at-length is one of the terrible ironies of Big Government’s central planning in New Jersey: many welfare beneficiaries are already receiving significantly more money than they would working for the minimum wage after this proposed increase!
The libertarian CATO Institute released the results of an eye-opening new study this week that found welfare benefits in 35 U.S. states are actually worth more than a minimum wage job. You can click here to read the full report.
Specifically, in our own state of New Jersey, the full government welfare package (TANF, SNAP, housing assistance, Medicaid, etc) is worth $38,782 annually. That works out to roughly $18.62 per hour.
In case you’ve forgotten, Save Jerseyans, New Jersey’s current minimum wage is $7.25, so someone working a 40 hour per week job is earning only $15,080 annually. President Obama previously pitched a $9 federal minimum wage and Cory Booker wants $10.10 per hour. This November, New Jerseyans will vote on a comparatively modest bump (to $8.25 an hour) and, less modestly, whether to constitutionally tie future increases to the Consumer Price Index (CPI).
I’m trying to understand how liberal logic rationalizes this economic incongruity.admin | Filed under: Economy | Tags: Matt Rooney, Minimum Wage, New Jersey, Save Jersey, Welfare | 3 Comments »
New Jersey’s tax revenues exceeded projections for the seventh consecutive month and income tax collections were the highest ever in June, even without a “millionaires tax.”
The Treasury Department announced yesterday, that income tax collections in fiscal 2013 were 12.4% higher that in fiscal 2012 (the fiscal year ends on June 30) and sale tax collections increased 3.7%.
The State’s fiscal 2013 revenue collections through June totaled $25.6 billion, $1.58 billion higher than in fiscal 2012.Art Gallagher | Filed under: Declan O'Scanlon, Economy, New Jersey, New Jersey State Budget | Tags: Declan O'Scanlon, Economy, Jobs, New Jersey State Budget, NJ Economy, Tax revenues | 1 Comment »
Optimism among New Jersey consumers rebounded strongly over the last six months, according to a survey released by the FDU Public Mind Poll this morning.
37% of the 588 residents surveyed said their finances are better than they were a year ago, up from 18% in January and 26% last July.
51% believe their finances will be better in the year to come, up from 34% in January and 38% in July, 2012.
“We’ve not seen numbers this good in quite some time,” said Krista Jenkins, director of PublicMind and professor of political science at Fairleigh Dickinson University. “Despite Hurricane Sandy and an unemployment rate that has left many in the state without work or underemployed, the past year has been good for many Garden State residents.”
72% expect the value of their homes to rise over the next year, compared to only 48% who thought so in January.
“This is an election year, and what people think about their finances is often a big consideration when choosing for whom to vote. Time will tell how strong an influence pocketbook issues will be in shaping the outcome of upcoming elections,” said Jenkins. “One thing is for certain, however, and that’s the rosier view people seem to have these days about the state of their own bottom lines.”Posted: July 15th, 2013 | Author: Art Gallagher | Filed under: 2013 Election, Economy, FDU Public Mind Poll | Tags: FDU Public Mind Poll, NJ Consumer Confidence | No Comments »
Legislation that would eliminate the scheduled 10% surcharge on employers’ unemployment insurance tax was cleared by the Assembly Labor Committee today.
The bill, A-4112/A-3675, sponsored by Assemblywomen Amy Handlin (R-13, Monmouth) and Alison Little McHose (R-24, Hunterdon, Morris, Warren and Sussex), postpones the implementation of the surcharge, which is currently scheduled to go into effect on July 1, for one year. An identical bill, S-2404, passed the State Senate unanimously in February.
The Office of Legislative Services estimates that eliminating the surcharge will save employers $300 million in the coming fiscal year.
“The timing of this legislation is critical as we approach the summer season and with the effort to restore the Jersey Shore well underway,” stated Handlin. “Rebuilding communities involves both residential and commercial redevelopment. Companies who invest in our economy would face significant unemployment insurance increases which could impact their hiring decisions. This legislation ensures that the strides made in putting people back to work will not be affected by the cost increases that would have been felt under this surcharge.”
Posted: May 13th, 2013 | Author: Art Gallagher | Filed under: 13th Legislative District, Amy Handlin, Business, Economy, LD 13, Legislature, NJ State Legislature | Tags: Alison Little McHose, Amy Handlin, Unemployment, Unemployment taxes | No Comments »