NJ Business Groups Turn Up Heat Against Proposed Tax Surcharge

New Jersey business groups are ratcheting up the pressure on lawmakers to reject a proposed tax hike on large corporations to fund public transportation, setting up a showdown ahead of the state’s June 30 budget deadline.

The 2.5% surcharge would push businesses out of state and hurt New Jersey’s regional competitiveness, Michele Siekerka, president and CEO of the New Jersey Business & Industry Association, said at a press conference Tuesday.

“When a company has the opportunity to create its next 10, 100, or 1,000 jobs or build a new facility, they’re going to look for the low-cost state to ...