2017 NJ Governor's race: on Corporations

Kim Guadagno: Work with businesses to cut state regulations in half

Kim understands that to truly unleash New Jersey's economy, our leaders in Trenton must get serious about lowering the tax burden on families while fostering a more welcoming, customer-friendly environment for businesses.

Jack Ciattarelli: 10-year phase out of the corporate business tax

Comprehensive Tax Reform to Spark Economic Growth & Create Jobs
• Never tax gain on sale of a primary residence or second home.
• Never increase property taxes when homeowner has made a home improvement.
• Abolish the death tax and transfer inheritance tax.
• Increase retirement income exclusion to make the state more affordable for seniors.
• Do not tax the gain on the sale of a family-owned business.
• Effectuate a new tax agreement to ease the burden on NJ residents that work in NYC.
• Allow for carry forward of capital losses to help business grow and create jobs.
• Close various corporate loopholes and enact a 10-year phase out (10% per year) of the corporate business tax to make New Jersey more economically competitive.
• Restructure marginal tax rates on taxable income over $750,000 and $1,000,000 as part of comprehensive tax reform that greatly benefits the middle class and all New Jerseyans.