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?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: