I have written in the past about using the no- C corporate tax in a regional mode, favoring companies that move to urban centers of the state and leaving a nominal corporate tax in the remainder of New Jersey. It is the sensible approach and I commend the governor for pointing in the same direction I have. Actually, no one disagrees with this idea.
The big issue is that to attract corporations to New Jersey – let alone the large urban centers – New Jersey has to offer advantages that surpass those offered by Utah, Wyoming, New York, India, and China.
Because the government apparatus in New Jersey is so large and spends so much money on itself, without the reforms I propose, the Christie plan is no more than window dressing.
We can not attract corporations without offering significant advantages. It is almost like bidding.