New Jersey Working Families Denounces Legislature’s Renewal of Tax Incentives in Face of Task Force Report

New Jersey Working Families State Director Sue Altman issued the following statement in response to the Legislature’s decision to reauthorize the Economic Opportunity Act:

The Legislature today stood on the side of politically connected corporate interests and millionaires instead of the people of New Jersey. The task force’s report released earlier this week revealed a total failure at every level — from the law’s inception to its enforcement by the Economic Development Agency.

The law was heavily influenced by powerful special interests to benefit clients and the politically connected, and EDA totally failed to provide even basic due diligence.

Rather than working with Governor Murphy to safeguard the billions of dollars in taxpayer funds promised to these companies, the Legislature instead wrote a blank check to the same special interests who have been trying to rip our state off for years.

The governor must veto this deeply flawed extension, and the Legislature must decide which side it’s on: the people’s or the special interests that too often control Trenton.