GREENWALD: LAYOFFS THE FIRST CASUALTIES OF GOVERNOR’S JOB-KILLING VETO

(VOORHEES) – Assembly Budget Committee Chairman Lou Greenwald (D-Camden), sponsor of bipartisan legislation (A-1678) to establish a New Jersey Homebuyer Tax Credit that was vetoed by the governor, issued the following statement after Georgia Pacific announced it will lay off workers and halt production of wallboard at its manufacturing plant in Camden:

“Already we are seeing the devastating consequences of the failure to override the veto of the Homebuyer Tax Credit, with a major local manufacturer of housing materials announcing significant layoffs. Sadly, these jobs, and the families who depended on them, are the first casualties of the Governor’s veto. Unfortunately, there may be many more.
“With New Jersey’s economy and our families suffering, it is time to put partisanship aside–as we in the Assembly had originally done in passing the Homebuyer Tax Credit by a strong, bipartisan vote of 67-8. This tax credit would have jump-started New Jersey’s economy, creating over 18,000 jobs.
“Instead, we are seeing fewer jobs, more uncertainty, and a weaker economy.
“I call on my Republican colleagues to work together on a bipartisan basis to stimulate our housing market. The time for partisan politics is over. Now is the time to put New Jersey families first.”