January 13, 2014

New Jersey Policy Perspective: $elling New Jersey $hort: Across-the-Board Income Tax Cut Would Harm the Garden State

ITEP Work in Action

An across-the-board state income tax cut would be detrimental to New Jersey’s future because it would do nothing to create jobs and grow the economy while disproportionately helping those who need it least and eroding public capacity to invest in the true building blocks of job growth and a strong economy.

The state’s finances are in no shape to absorb the revenue loss that an income tax cut would create – and even if they were, there are more effective ways for the state to invest those dollars in proven methods to grow the economy and create good jobs and shared prosperity.

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