Release: Advocates Celebrate Partial Restoration of New Jersey’s Corporate Surcharge to Benefit NJ Transit

Workers and Advocates from For The Many NJ Urge Lawmakers Not to Leave Needed Revenue on the Table

Contact: Eric Benson, Campaign Director, 908-510-0196

Trenton, NJ: In response to Governor Murphy proposing a partial restoration of the corporate surcharge to fund NJ Transit in next year’s budget, For The Many NJ released the following statement from Eric Benson, Campaign Director:

“This is a big win for the countless advocates, workers, and transit riders from across the state who have spent the last year calling on corporations to pay their fair share in taxes. Corporations are making record-breaking profits, but as seen by their lobbying efforts, they think their bottom line isn’t big enough. We should know by now that trickle-down economics doesn’t work. While these ultra-profitable corporations were making more money than ever before, families were left struggling to keep up with rising costs.”

“While the Governor’s proposal brings back most of the revenue from the corporate surcharge, there’s a clear need to bring the entire surcharge back so working families aren’t on the hook to make up the difference. Why would the state leave $200 million on the table when that money could make the state affordable for countless more residents.”

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For The Many is a statewide coalition of more than 40 organizations working to expand funding for essential services and improve budget practices to meet current and future needs, especially for communities that have been historically left behind.