The New Jersey Chamber of Commerce, along with over 40 local and regional chambers, has voiced opposition to the proposed "Corporate Transit Fee" and "buck-a-truck" tax included in Governor Murphy's state budget. These measures are currently under consideration by the state Legislature.
The coalition also opposes funding cuts to agencies such as the New Jersey Economic Development Authority, New Jersey Business Action Center, and New Jersey Small Business Development Centers. The group argues these changes could harm the business climate in New Jersey, affect corporate recruitment efforts, and threaten jobs.
In a letter addressed to state legislators, the Chamber Alliance described their concerns about the proposed budget's impact on businesses. They highlighted that large employers would face significant financial burdens due to the Corporate Transit Fee. Additionally, they labeled the buck-a-truck tax as a nuisance that would increase costs for residents.
The alliance stressed that reducing funding for key economic agencies would further strain an already overtaxed business community. They warned of potential negative effects on New Jersey's economy if these proposals proceed without adjustments.
Recommendations from the coalition include reinvesting surplus funds instead of imposing new taxes, removing both controversial fees from the budget, and restoring agency funding to support economic growth.
Tom Bracken, President and CEO of the New Jersey Chamber of Commerce, and Michael A. Egenton, Executive Vice President for Government Relations at NJ Chamber of Commerce co-signed this letter alongside various other organizations across different regions in support of these recommendations.
