Tag Archive for economy

AAA Forecasts A Decrease In Christmas Holiday Travel For The First Time In Six Years

FLORHAM PARK—AAA projects a slight decline in the number of Americans traveling during the Christmas holiday period (Dec. 19 – 31).  Nearly 63.9 million Americans will travel 50 miles or more from home, approximately 1.4 million (2.1 percent) fewer than…

Job Cuts Crashing Jersey Economy

ELIZABETH—Pike Machine Products In Elizabeth has announced it will lay off  71 workers by the end of January while Sears in Woodbridge advised 94 workers that they no longer have jobs, as soaring unemployment has its impact on the local…

Corzine Announces Plan To Temporarily Reduce Municipal Pension Contributions

ATLANTIC CITY – Gov. Jon Corzine announced a plan to help municipalities facing a short-term budget crunch at last week’s New Jersey League of Municipalities conference. Counties and municipalities would be able to defer half of next April’s payment into…

Vas Calls For Corporate Tax Reforms

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…

NJ Republicans Call For Sales Tax Holiday

TRENTON – Republican lawmakers proposed a 50 percent reduction in the state sales tax this holiday season, saying it would help consumers and retailers in a worsening economy. The plan is backed by business advocates, including the National Federation of…

Refueling New Jersey’s Economy

By Assemblyman Joseph Vas Over the past month, economic woes have become the central issue of concern, both locally globally, and of course nationally. With the interconnectivity of today’s global marketplace, this concern is more than justified.  What we do…

Poll: Just 17% Plan to Use Any Rebate Money For A Spending Splurge

UTICA, N.Y. – Just 17% of Americans who have already received or are anticipating a 2008 federal tax rebate say they plan to use any portion of that money to splurge on something they wouldn’t normally buy – the vast…