Op-Ed: Eliminate the Corporation Tax & Replace It with a Simpler, Fairer Tax

August 19, 2016

The ‘broken’ system of taxing businesses in New Jersey should be replaced by one that is based on logic, without loopholes or deductions.

Much is written about the need to attract and retain businesses in New Jersey. A common practice in New Jersey and most states is to offer business tax incentives to either locate or retain corporations that are “thinking” about or “threatening” to move for a better business climate. Local governments offer subsidies and other incentives to reduce the property tax burden for the corporations. At the state level – which is the focus of this article – corporations are offered incentives to reduce their corporate tax liability.

Richard F. Keevey is the former Budget Director and Comptroller for the state of New Jersey – appointed by two governors from each political party. He is currently a senior policy fellow at the Bloustein School of Planning and Policy at Rutgers University and a lecturer at Princeton University. Richard L. Kaluzny, is a PhD economist from the University of Wisconsin and is the former Director of Revenue and Tax Economic Analysis for the state of New Jersey.

NJSpotlight, August 19

Recent Posts

SRTS Report: Bicycle and Pedestrian Involved Crashes in NJ

Bicycle and Pedestrian Involved Crashes in New Jersey: A Closer Look at Crashes Involving Children and Youth Pedestrians and cyclists face a higher risk of severe injury or death in crashes compared to motorists. In New Jersey, there were nearly 6,000 crashes that...

Two MCRP Alumni Earn Planning Excellence Awards

The New Jersey Chapter of the American Planning Association (APA New Jersey) has announced the recipients of the 2024 Planning Excellence Awards, and two Bloustein School alumni are recipients. Courtenay Mercer AICP, PP (BA '01, MCRP ' 02) was selected as the Budd...

Election Aftermath: The Path Forward for Democracy

Policy Implications, Representation Milestones, and Strengthening American Democracy in the Aftermath of Election 2024 In a special post-election episode of EJB Talks, Dean ⁠Stuart Shapiro⁠ and ⁠Elizabeth Matto⁠, Director of the ⁠Eagleton Institute of Politics⁠, offer...

Heldrich Report: Examining Student Outmigration in NJ

Where Students Go: Examining Outmigration in New Jersey Building upon previous research on outmigration, a new report measures the gaps in the New Jersey Statewide Data System (NJSDS) that limit the ability to track New Jersey high school graduates who pursue higher...

NJSPL Blog: Who Attends Virtual Schwartz Rounds?

By Irina B. Grafova, Pamela B. de Cordova, Jennifer Polakowski, and Jessica Anderson The importance of well-being programs has never been more critical. Virtual Schwartz Rounds (VSR) provide a platform for connecting with nursing colleagues facing challenging...

Upcoming Events

Bildner Center: The 25th Annual Rutgers Jewish Film Festival, November 7–21

Regal Cinema Commerce Center 2399 US-1, North Brunswick, United States

The The 25th Annual Rutgers Jewish Film Festival will feature fourteen thought-provoking and entertaining films, dynamic discussions with filmmakers and special guests, and numerous New Jersey premieres on dance, music, […]

Event Series Photos

Bloustein School Headshot Day

Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United States

Need a new LinkedIn photo or headshot? We invite members of the Bloustein School community including faculty, staff, instructors, master's and undergraduate students, Ph.D. candidates and visiting scholars to take […]