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Progressive groups protest corporate tax cuts, state budget deal

The groups say that a planned billion-dollar tax cut for corporations will only benefit the wealthiest companies and not the working people.

Matt Trapani

Jun 22, 2023, 10:32 PM

Updated 361 days ago

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Progressive groups rallied in Trenton on Thursday to object to the end of a state tax increase for corporations and the new state budget deal announced on Wednesday.
The groups say that a planned billion-dollar tax cut for corporations will only benefit the wealthiest companies and not the working people.
“This is about making sure the budget reflects what every day New Jerseyans need to survive, not about giving billions of dollars to big corporations like Amazon and Wells Fargo,” says Peter Chen, senior policy analyst for New Jersey Policy Perspective. “We think that $1 billion should be better spent on schools, and NJ Transit and housing for people, rather than going into the pockets of corporate shareholders and executives.”
Gov. Phil Murphy and Democratic legislative leaders announced on Wednesday a deal for property tax relief for senior citizens. They'll start with an extra $250 on ANCHOR payments this year for both senior homeowners and renters.


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