NORTHVALE BOROUGH, NJ (Bergen County) — U.S. Congressman Josh Gottheimer (NJ-5) Monday announced the introduction of bipartisan legislation — the Cut Red Tape Act — to help eliminate red tape and outdated bureaucracy, help create jobs, support small businesses, and spur economic growth in New Jersey — all while protecting what matters most: our air and water, our food, our health and safety, and our families and children.
This bipartisan legislation is part of Gottheimer’s Affordability Agenda for New Jersey, which includes tackling supply chain issues, combating rising costs, and cutting taxes for families.
Gottheimer is introducing the bipartisan Cut Red Tape Act with Representatives Rodney Davis (IL-13) and Ron Kind (WI-3).
Gottheimer also shined a spotlight on the glaringly high business taxes restricting New Jersey’s full economic potential, as well as best practices in cutting red tape in New Jersey and nationwide.
Gottheimer was joined by Jamis Bikes owner Carine Joannou, Northern Valley Chamber of Commerce President and President & CEO of Northvale business ADM Tronics Andre DiMino, Northvale Mayor Patrick Marana, and Bergen County Clerk John Hogan.
“When we’re competing with the rest of the country, from Florida to North Carolina to Texas, and including a few miles from here in Pennsylvania, it’s almost as if there is a ‘No business need apply’ sign in our state window. After speaking with everyone from mom-and-pops to the biggest businesses, New Jersey seems to take the red tape cake. It’s time to change the ingredients,” Gottheimer said. “I don’t know about you, but I’m ready to fight back, and steal back some of the jobs and people that other states, and other countries, are taking from us. If we take steps like the bipartisan legislation I’m introducing today, we can attract families and businesses, create new jobs, and cut the red tape that is restricting our great state’s full potential.”
Gottheimer’s bipartisan Cut Red Tape Act will create an independent, bipartisan commission — the Regulatory Improvement Commission — to review rules that are outdated, duplicative, or in conflict with one another. The Commission will present its recommendations to Congress for a simple up or down vote, providing the opportunity to cut tape at the federal level. Both Democrats and Republicans will play a role in cutting outdated and unnecessarily burdensome red tape to help unleash more economic opportunity, create jobs, cut taxes, save Americans money, and protect consumers and our families.
Right now, Jersey ranks worst for business friendliness, and, of all 50 states, it has the highest corporate income tax at 11.5%. Residents and businesses are moving out of the state, and it is difficult for businesses to start here and grow. New Jersey ranks poorly across the board as well. Tax Foundation ranked New Jersey as 48th for individual taxes, 43rd for sales tax, 44th for property taxes, and 32nd for unemployment insurance taxes. Research also shows that business owners who live in Jersey pay twice as much as they would somewhere else.
“It’s so great to be hearing about this legislation because when you help business, you help America,” said Northern Valley Chamber of Commerce and local business owner Andre DiMino. “Anytime you can take hurdles away from business, that’s good for America. That’s why I’m pleased to be here with Congressman Gottheimer for this important announcement.”