NJGOP Chairman Doug Steinhardt today, via press release, called on Governor Phil Murphy to “snap out of his tax and spend trance.” The NJGOP press release follows:
Trenton, NJ - Two more jarring statistics were released yesterday regarding New Jersey's economy. First, the U.S. Bureau of Labor and Statistics estimated that New Jersey lost 7,700 jobs in February. The state lost 9,300 private sector jobs, as the total number was offset by job gains in the taxpayer funded public sector.
Second, the Society of Certified Public Accountants (NJCPA) released an internal poll of 500 New Jersey CPAs, where 70% said they believe Governor Murphy's budget will harm the State’s economy. A measly 23% viewed the State’s economy as “good” and only 12% think it will get better.
NJGOP Chairman Doug Steinhardt urged Governor Murphy to reverse course.
"These numbers and their meaning are clear. Bad policies have bad consequences,” said Chairman Steinhardt. "The Governor needs to snap out of his tax and spend trance. People can only struggle for so long before they lose faith or give up. We owe it to New Jersey’s 9 million residents to help. ”
Steinhardt continues, “New Jersey is teetering on the brink of an economic meltdown. How many CPA’s, accountants and economists need to sound the alarm before our elected leaders respond? There are honest solutions to the State’s real problems. We can start by turning a billion dollar surplus and simple budget savings into real property tax relief for New Jersey’s struggling families.”