Economic experts discussed the future of New Jersey businesses in 2025 during a recent NJBIA Public Policy Forum. The conversation covered topics such as Wall Street, the incoming Trump administration, taxes, tariffs, immigration, and New Jersey's budget shortfall.
Michele Siekerka, NJBIA President and CEO, moderated the discussion on December 4 with Andrew Sidamon-Eristoff, former state treasurer and owner of ASE Tax Policy and Administration, and Mark Lehmann, CEO of Citizens JMP Securities and president of Citizens in California.
The experts noted that while businesses might gain from deregulation under the new Trump administration, challenges could arise from proposed tariffs on imports and stricter immigration policies. They emphasized that New Jersey needs to address its fiscal issues since the current $56.7 billion state budget is unsustainable. High business taxes also contribute to making the state less competitive.
The video of this discussion is available for viewing.
