NJECPAC & NJ-IEC Partnering to Protect You And Your Business

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New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

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Friday, February 26, 2010

NJECPAC Supports Governor's Plan to To Prevent $1 Billion Payroll Tax Hike

The NJECPAC strongly supports Governor Chris Christie’s plan to provide relief to employers by phasing in the tax increase over three years.
New Jersey’s Unemployment Insurance Fund is effectively bankrupt, paying out more in unemployment benefits than it collects in payroll taxes. If nothing is done, NJ employers will be hit with a $1 billion tax increase to replenish the fund. That would cost an average of $400 per employee and up to $683 per employee, according to the Governor.
The Governor held a news conference to unveil his plan to avoid the $1 billion tax increase and his proposal to return the State’s bankrupt Unemployment Insurance Fund to solvency.
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