COUTINHO: CHRISTIE BUDGET SENDS WRONG MESSAGE TO BUSINESSES

(TRENTON) — Assembly Commerce and Economic Development Chairman Albert Coutinho (D-Essex) released the following statement on Wednesday as the Assembly Budget Committee heard testimony from the state treasurer on Gov. Chris Christie’s budget plan:

“Recovering from this global recession means focusing on economic development and job creation, but this overview of Gov. Christie’s budget shows we’re headed in the wrong direction.

“Businesses are the lifeblood of our state, creating wealth and employing our residents, but in moves that are no different from a tax increase, Gov. Christie’s budget boosts business filing fees by 25 percent while slashing business tax credits.

“And let’s not forget – Gov. Christie’s property tax increases will hit not only working class New Jerseyans and senior citizens, but also our businesses.

“Gov. Christie’s budget is the wrong message to be sending to businesses already struggling to recover from the recession.”

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