AFP Sounds Off Against Trenton’s Latest Corporate Welfare Proposal

November 14, 2013

Americans for Prosperity Sounds Off against Trenton’s Latest Corporate Welfare Proposal

Lesniak Bill Another Vain Attempt to Create Jobs, Prosperity in the State

TRENTON, NJ – Americans for Prosperity is calling in state lawmakers to reject another round of corporate welfare handouts. The free-market group voiced opposition to Bill S3030, the “Economic Opportunity Act II”, sponsored by state Senator Ray Lesniak (D-20).

The Lesniak bill seeks to provide more targeted tax breaks in a vain attempt to stimulate job creation in the state and follows the original bill passed earlier this year by the Legislature and signed by Gov. Christie.

Testifying today before the Economic Growth Committee, AFP state director Daryn Iwicki and communications director Mike Proto urged lawmakers to address the core impediment to job growth in New Jersey: the state’s terrible tax climate.

“Our organization has a long history if opposing corporate welfare and subsidies in any industry,” said Iwicki. “Rather than giving tax breaks to a few we should be lowering taxes for everyone.”

Proto further noted that New Jersey has the “second worst business tax climate, high property taxes, income taxes, one of the highest corporate tax rates and is one of the least economically free states in the country.”

This bill amounts to “picking winners and losers in the marketplace,” added Proto, “and it will not lead to job growth. We’ve been trying this for more than ten years now and it’s not working. Last time I checked New Jersey had an 8.5% unemployment rate.”

State director Iwicki concluded by stating that AFP was ready to “work with legislators to lower taxes and remove burdensome regulations” in the state that in order to create widespread prosperity and job growth.

The committee moved the bill by a count if 4-0 with the support of Chairman Lesniak, Sen. Dick Codey (D-27), Sen. Steve Oroho (R-24) and Sen. Joe Kyrillos (R-13).

 

AFP will continue to push for a rejection of the bill when it comes up before the full Assembly and will score the measure on the free-market group’s Taxpayer Scorecard.

AFP’s testimony is accessible via the state legislative website here.

 

Americans for Prosperity (AFP) is a nationwide organization of citizen-leaders committed to advancing every individual’s right to economic freedom and opportunity. AFP believes reducing the size and intrusiveness of government is the best way to promote individual productivity and prosperity for all Americans. AFP educates and engages citizens to support restraining state and federal government growth and returning government to its constitutional limits. AFP is more than 2 million activists strong, with activists in all 50 states.  AFP has 34 state chapters and affiliates. More than 85,000 Americans in all 50 states have made a financial contribution to AFP or AFP Foundation. For more information, visit www.americansforprosperity.org

Americans for Prosperity does not support or oppose candidates for public office.

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