The Great Tax Incentive Debate
It’s not a party-line issue or one unique to New Jersey; across the nation, economic-development tax credits are a big source of controversy. But they’ve gotten increasing attention in New Jersey as the state struggles to recover jobs and tax revenue lost to the recession. Some say they’re a necessity for staying competitive, while others think they have gotten completely out of hand.
At NJ Spotlight On Cities, we invited Gordon MacInnes, president of New Jersey Policy Perspective, to hash out the issue with Michele Siekerka, president of the New Jersey Business and Industry Association. The session was moderated by our public finance writer, John Reitmeyer.