News & Press: Financial Planning News

NJBIA’s Siekerka Talks NJ Taxes on Fox Business Network

Thursday, June 7, 2018  
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New Jersey Business & Industry Association President and CEO Michele Siekerka joined Stuart Varney on Fox Business News’ Varney & Co. on May 25 to discuss increased taxes and their impacts on small business, taxpayers and ratepayers in New Jersey.

The main message from Siekerka: New Jersey policymakers need to hit the pause button on new taxes and recognize the cumulative consequences of new revenue raisers combined with recently signed and proposed legislation that will greatly increasing the cost of doing business in the Garden State.

“We’re not planning,” Siekerka told Varney. “We should be focusing on comprehensive reform to fix things that are structurally broken in the state of New Jersey.”

Varney forecasted a “mass exodus” from New Jersey when adding on the impacts of new federal tax reform, where Siekerka concurred New Jersey was a “net loser.”

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