DISASTER: Phil Murphy’s N.J. business tax climate ranked worst in U.S.

WASHINGTON, D.C. – New Jersey is once again getting recognition for a dubious distinction:

The Garden State has America’s worst business tax climate according to the Washington, D.C.-based Tax Foundation’s brand new 2020 state-by-state comparative index.

It’s not even close:

New Jersey’s individual taxes (#50), corporate taxes (#49), property taxes (#47), and sales taxes (#42) resulted in an overall last-place finish.

Of particular concern? Neighboring states – #11 Delaware and #29 Pennsylvania – are far more competitive.

Governor Murphy’s failed attempts to lure businesses to New Jersey using social issue/woke-only arguments have proven unsuccessful in light of his Administration’s massive corporate tax hike and anti-business policies. The state’s workforce still hasn’t recovered from the Great Recession.