Vas Calls For Corporate Tax Reforms

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PERTH AMBOY – Citing newly released unemployment numbers, Assemblyman Joseph Vas said now is a vital time to amend and reform New Jersey’s antiquated and restrictive corporation business tax laws.

Vas, the Assembly Commerce and Economic Development Committee chairman, noted that the new state Department of Labor and Workforce Development figures show the state lost 3,900 jobs in September. That brings the total number of jobs lost amid the global economic crisis this year in the state to 21,000.

“These job figures continue to prove that the crisis is taking a toll on every sector of our state economy. It is apparent that no one is completely immune to the economic fallout on Wall Street,” the assemblyman said. “We must provide state businesses – the foundation of our economic engine – with the tools they need to weather the economic crisis and continue to provide good paying jobs to New Jersey families.”

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