Thursday, March 19, 2009

New Jersey Is the 4th Worst State for Business

No wonder, New Jersey drops one spot to 48th. Now it's the 4th worst state for doing business.

According to Steve Lonegan, here are the 5 worst business laws in New Jersey (apart from the tax laws):
Paid Family Leave, Project Labor Agreements, Binding Arbitration, Card Check and the $500 S-Corporation Tax.

“Paid Family Leave is a new government program financed by an income tax on working people to pay other people not to work,” Lonegan said. “It is typical of the silly ‘feel-good’ legislation liberals pass because they have no comprehension of what it is like to run a business and make ends meet.”

Lonegan called Project Labor Agreements, where union wages must be paid on all government projects and Binding Arbitration for municipal labor negotiations “two of the reasons property taxes have skyrocketed in recent years and that affects businesses bottom line.”

New Jersey’s “Card Check” law -- a model for legislation being pushed by the Obama Administration today -- would end secret ballots in union elections and replace them with a system where union organizers can intimidate workers into supporting a union merely by signing a membership card.

“This so-called ‘reform’ takes Union elections from an American-style process to the type seen in Cuba where thugs and goons insure people vote ‘correctly’.”

Lonegan said the worst of all the anti-business laws was the McGreevey $500 S-Corporation tax. “This penalizes the job creator who is starting their business because you pay this tax even if your company loses money,” Lonegan said. “That’s not only wrong, it single-handedly tells an untold number of our residents not to bother starting your own business and that’s the wrong approach to take.”

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