TRENTON – Two Democratic business tax cut measures that will help make the state’s business climate more pro-jobs and pro-economic growth are now law.
The bills were a second attempt by Democrats to enact meaningful business tax cuts to spur economic growth and job creation across the state. Prior versions of the new laws were both vetoed by the governor, only to resurface four days later in his budget address.
“Democrats insisted on these ideas because they were the right thing to do for our state and our business community to rebuild confidence and create jobs,” said Senate President Steve Sweeney (D-Gloucester/Cumberland/Salem).
