Tag: economy

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…

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…