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AFP: Time for NJ to Close The Corporate Welfare Spigot

June 27, 2014

AFP: Time for NJ to Close the Corporate Welfare Spigot

Failures of Revel Casino, Showboat should be last straw

MONMOUTH JUNCTION – Americans for Prosperity says it’s time for the state to stop abusing taxpayer dollars through corporate welfare to prop up Atlantic City and the rest of the state.

“Today’s news that the Showboat Casino will be closing its doors on the heels of the Revel fiasco shows that all the subsidies, tax breaks, and taxpayer-funded low-interest loans in the world are not going to bring Atlantic City back,” proclaimed AFP communications director Mike Proto.

“For years, the state has sunk hundreds of millions of taxpayer dollars into AC to try to revive it. What do we have to show for it? The Revel Casino has been an epic bust. There’s a ballpark no team plays in. The Convention Center is hardly used. The list goes on and on.”

“Not one more taxpayer dollar should go to AC in the way of corporate welfare or to bail the city out. AC should left to chart its own destiny and the state needs to stop trying to micromanage it back into relevance,” Proto said.

“All these market manipulations just won’t work. If we’re going to give tax breaks they should go to hard-working New Jerseyans and small businesses and they should be across the board, not just to the politically connected and major corporations,” Proto said.  “New Jersey would be far better off with this money in the hands of our workers and small businesses so they can invest and create jobs here.”

“It’s time for the state to close off the corporate welfare spigot and allow for a dynamic free-market to take its place. Enough is enough.”

AFP welcomes media inquiries. Please contact Communications Director Mike Proto via e-mail (mproto@afphq.org) or phone (201-400-3666).

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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