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

VTC-POET: Springwood Avenue Heritage Walk

Did you know that between the 1930s and 1970s, the West Side of Asbury Park, NJ, was a vibrant hub of African American life and culture? The community, shaped by Black and African American, Italian, Jewish, and Latino residents and business owners, created famous...

New Briefs: Rutgers Child Care Research Collaborative

The Rutgers Child Care Research Collaborative has released two new research briefs by Heldrich Center for Workforce Development researchers. New Jersey’s Childcare Workforce: An Examination of Internet Job Postings from October 2023, by Liana Lin, Brittney Donovan,...

Bhuyan Receives Leadership Excellence Award

  Soumitra Bhuyan, Executive Director of Health Administration Programs and Associate Professor at Rutgers University-New Brunswick’s Edward J. Bloustein School of Planning and Public Policy, is the recipient of a National Leadership Excellence Award. Jointly...

Heldrich Survey: Inflation, Job Security Concern Workers

Half of U.S. Workers are Not Confident in the Federal Government’s Ability to Boost the Economy Deep concerns about inflation and the labor market are widespread throughout the country as Republicans take control of the White House and Congress — even amid low...

Bhuyan and Samuel Explore Generative AI Use in Healthcare

Generative Artificial Intelligence Use in Healthcare: Opportunities for Clinical Excellence and Administrative Efficiency Abstract Generative Artificial Intelligence (Gen AI) has transformative potential in healthcare to enhance patient care, personalize treatment...

Upcoming Events

Event Series Research Seminar

Bloustein Research Seminar Series: Matt Mleczko

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

Presented by Matt Mleczko This venue will enable our faculty to share research, build community, and extend our networks. Pizza will be served. Bloustein faculty, advanced PhD students, and external […]

Event Series Student Services

Bloustein Librarian Open Office Hours

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

Have a research or library question you need assistance with? Visit Open Office Hours with Bloustein Librarian Julia Maxwell. Every Tuesday from 12:00 - 1:00 pm in the Civic Square […]