If it is wrong now, it is wrong next year!

NJ.com had this tidbit this morning:

A state Senate committee this week approved an 18-month suspension of a 2.5 percent fee charged to office, commercial and industrial real estate developers to help municipalities meet affordable housing obligations. The goal of the moratorium is to encourage business development, particularly hard-hit in this recession.

We are glad that the Senate and Jon Corzine are recognizing this tax on development is counteractive to growth. They are admitting thatthis tax has stopped development, causing a loss of jobs in this hard-hit economy.

Our question to Corzine is this. If the tax causes a negative impact today, how can he logically expect that it wouldn’t cause a loss of jobs 18 months from now? What fairy-tale world is he living in?

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