Ending Program Would Force a 100-Percent Tax Increase on State’s Urban Residents/i>
(PAULSBORO) — Following the Christie administration’s release of a report calling for the elimination of the state’s Urban Enterprise Zone (UEZ) program by the end of fiscal year 2011, Assemblyman John J. Burzichelli (D-Gloucester), whose district includes the Bridgeton UEZ, issued the following statement:
“The report issued by the Christie administration calling for the elimination of the state’s UEZ program amounts to one thing and one thing only: a tax increase on the state’s poorest residents.
“Eliminating the UEZ program amounts to a 100 percent sales tax increase on every urban resident in the state — something few, if any of them can afford. Additionally, many urban small businesses — a majority of which are minority owned — rely on the sales tax breaks offered under the UEZ program to keep from operating in the red. A UEZ elimination will do nothing but stagnate business growth in our cities and harm New Jersey’s economic recovery in the long-run.
“While Gov. Christie is busy attempting to protect the assets of dead millionaires, he is doing so at the direct expense of New Jersey’s urban families and businesses.”