The general population has to read Atlas Shrugged after reading the below article commentary on last nights state of the union address. New Jersey Business & Industry Association President Michele Siekerka says that several policy items proposed by President Barack Obama during Tuesday night’s State of the Union speech “are not good for small business,” which she added is the “backbone of the American economy.” Siekerka took particular aim at proposals to implement mandatory paid sick leave and usher in a new era of tax reform that aims to increase taxes on wealthy Americans. “It is important for the President to foster policies to advance small business; not establish additional costs and new mandates that hinder small business growth and business succession planning,” Siekerka said. The burden under such a tax code would fall unjustly upon small and family-owned businesses, Siekerka said. “Changes to these taxes will impede the transfer of small business, will increase the amount of taxes paid by small business and may have a chilling effect on the entrepreneurial spirit of starting a new business, as well as our foundation of passing along generations’ long family run businesses,” Siekerka said. The battle over mandatory paid sick leave is one currently being fought in New Jersey, where several municipalities have already adopted ordinances on the matter and deliberations on a statewide bill remain ongoing. “By mandating such policies, government is hindering the flexibility employers currently have to operate programs that work for their specific workplace, while legislating for the few who do not offer these policies,” Siekerka said. In contrast, Senate President Steve Sweeney (D-West Deptford) applauded Obama’s address, adding that it rightfully focused on “initiatives that would help deliver economic fairness for the middle class and working people.” “The best way to create immediate and long-term economic growth is to expand opportunities for working families and the disadvantaged,” Sweeney said. “The wealthy have continued to prosper but the vast majority of people have not.” ALSO ON NJBIZ: Tallest building in N.J. planned for Jersey City EDA approves $72.3M in incentives for eight new projects 60 job cuts coming at Newark brewery, report says Share This Story On: Twitter Facebook Google+ LinkedIn
Posted on: Wed, 21 Jan 2015 15:13:44 +0000
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