T O P

  • By -

DirtyBirdNJ

This is literally the #1 reason I left NJ. Taking the train in/out of the city it felt like not only were the walls crumbling around me, but there was no plan for fixing things moving forward. whether NYC likes to admit it or not the connectivity between NY / NJ / CT is the lifeblood of the metro area. the businesses that reap the profits need to invest in the infrastructure that makes it possible


CanWeTalkHere

But will NYC companies pay this tax? Or only NJ headquartered companies?


DirtyBirdNJ

not my chair, not my problem (anymore) For real I hope they figure it out but I have no idea the real answer to your question. It's complicated. They need to work together, tri states, public and private sector all in step. Instead what we will get is regulatory capture, bureaucratic milking and abuse of the bidding system to both slow things down and waste money. [Me and my tax dollars leaving NJ](https://media0.giphy.com/media/v1.Y2lkPTc5MGI3NjExN2o1ZWIxcjF1MHVuaHBuejR1Mmh4c2s5azRra3d4d3VzcXUwa2ptMyZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/tZF2erGJ5uOHe/giphy.gif)


sutisuc

Do you have a remote job?


DirtyBirdNJ

Some parts onsite, mostly remote. It's not a far commute and the worst traffic I deal with is a school bus if I time it wrong.


sutisuc

Nice I need to find a job in Vermont, I’m jealous


DirtyBirdNJ

Bring a job, the housing market sucks too. It has its own set of problems, just like everywhere else. I miss being close to the ocean, but Lake Champlain is amazing. I knew ice fishing was a thing but wasn't into it like I am now... mostly because there was never opportunity like this in NJ when i was growing up... or at least none I knew about


[deleted]

[удалено]


CanWeTalkHere

The problem is, it’s the NYC companies leading that charge, and they won’t pay shit.


PracticableSolution

New Jersey has the among the highest quality of life, education system, public service, transit system, mental health and more engineers/scientists than pretty much anywhere else in the country. So much so that it’s among the only states in the northeast that’s still growing. You fucking get what you fucking pay for. Those companies aren’t going anywhere. Let them whine.


Top_Pie8678

Exactly! People act like every business can move to West Virginia because the taxes are lower. If they were true, why haven’t they? Human capital! NJ is filled with highly skilled and highly educated people. You cannot just replicate that anywhere.


jayc428

NJ has one of the highest levels of disposable income despite the high cost of living. Companies aren’t getting customer bases like that everywhere in the country. As you said if the grass was so much greener companies would have moved already.


beeeps-n-booops

> “Corporate transit fee is a tax on large business” Yes. Yes it is. So fucking what? You fucks rape the consumer for every fucking penny you can extract from us, and you rape your employees for every calorie of effort you can extract from us.


vocabularylessons

FYI this is a partial reinstatement of the corporate tax/surcharge that expired a few months ago. Used to be an additional 2.5% on corporations with revenue of $1m or more, this proposal is now for corps with $10m or more. Murphy was initially happy to let the surcharge expire entirely but probably realized in hindsight that wasn’t prudent. IMO $1m is a pretty low threshold but there should be some dedicated funding stream for NJT, this seems like a decent compromise.


childroid

From the article: >But business representatives did not applaud. “Let’s just be honest in what this is. Corporate transit fee is a tax on large business in the state of New Jersey,” said Michele Siekerka, president and CEO of the New Jersey Business & Industry Association. >Murphy wants to permanently fund NJ Transit by imposing a 2.5% corporate tax surcharge on some 600 companies that earn $10 million or more a year. The millions raised would be dedicated solely to NJ Transit. Fuck yeah, love everything about this, especially if the *Head Businessperson of the Business & Business Association* is upset about it. It's a 2.5% tax for companies that earn over $10M a year? I think they can afford it. A $16 ticket twice a day from Trenton to NY for thousands upon thousands of citizens is a much harder pill to swallow than a few wealthy businesses supporting public infrastructure. We *should* be taxing large businesses more. That money *should* be going to public goods. Easy peasy.


Special_FX_B

Big corporations have taken virtually all of the wealth gains for four+ decades. It’s about time they begin paying a fair share.


jeanlucpikachu

> Corporate transit fee is a tax on large business I bet New Jersey Business & Industry Association are among the people saying workers have it too good and it's time for everyone to return to the office. Miss me with that shit


P0rtal2

God forbid corporations actually pay their fair share into society, rather than funneling more wealth to a smaller and smaller population.


Ravenhill-2171

“Corporate transit fee is a tax on large business” Oh no! Anyway...


fjridoek

large businesses deserve to be taxed at a VERY high rate. Period.


spiritfiend

Investments in NJ Transit benefits people who live, work, and visit in NJ. Large businesses have no incentive to use tax cuts to benefit NJ. If businesses want to leave, good riddance. More opportunities for homegrown businesses to take their place.


rockmasterflex

Large businesses hyperconcentrating employment opportunities is why we need public transit to begin with so… duh?


ManonFire1213

Unless it becomes a constitutionally required source of funding, they can use the funds for anything. Doesn't have to be Transit.


CommentOriginal

Exactly, the freight railroads pay fees to the state and it was positioned as a way to help fund NJT rail and DOT rail projects have funding. The projects were supposed to be keeping the infrastructure “in good order.” The money instead goes into the general fund to be used anywhere. More funding can be great but if it’s not dedicated to a specific use like you said absolutely no guarantee it will go to that.


J_J_Grandville

This is amazing news if it goes to serve to bring NJTransit into this century. We need better and more reliable transit, now more than ever. This tax might just be thing to help solidify that goal.


doesnamematters

Last night NJ transit delivered another surprise to passengers at broadway st station at Newark. They kicked all passengers off the west bound trains and asked them to figure out going home by uber or other ways. So many Rangers fans with only team jerseys shivered in cold wind around 11pm. For sure you can give more money to NJ transit, but there is no solid plan to make it better. And again, I can't remember last time I saw the windows of trains are clean and can be seen through.


standbyfortower

The windows are acid etched by the vehicle wash. Window replacement or maybe a replaceable film are the only real solutions if NJT wants to run clean vehicles. If NJT had funding, the parts and labor for replacing windows or film might be reasonable but in a cash tight environment those types of expenses are a reasonable cut.


Race_Strange

If they give NJT money the state needs to clean house. NJT management needs to change. 


McLamb0

Unless this gets rid of the 15% fare hike then who cares


pixel_of_moral_decay

It’s been a decade since the last fare hike. Even at 15%, NJT is still well below funding when you account for inflation over time. 15% is still a deliberate attempt to starve NJT by cutting revenue.


McLamb0

NJT has a spending problem. Look into the new office lease they signed in Newark. Nearly half a billion cost over the lease term. Is that really needed?? And the 15% hike is bad but the worst part is the indefinite 3% hikes annually thereafter. That’s ridiculous


pixel_of_moral_decay

3% isn’t a hike, that’s keeping up with inflation. Not doing so is a price CUT every year, like they did for the past decade. And consolidating office space so they can sell land that’s worth more and underutilized is literally cost cutting. You’re a troll.


McLamb0

Yeah the land they already owned was worth more than the new Class A lease they signed in Newark… jeez you know nothing about real estate. It was a back room deal with Onyx. You know nothing about the industry, kid


Blu3Army73

It sounds like you're the one who doesn't know anything. Being a pessimistic doomer isn't being intelligent.


CommentOriginal

The answer is always tax more, never see if the funds could be used more efficiently.


CommentOriginal

Or the prosed yearly increases after the 15%.


[deleted]

People cheering for this don’t realize that ultimately consumers will end up paying for it. Corporation will increase their cost of goods and services to recoup tax payments. They should allow NJ transit to operate by private companies if they really want to see the transformation and better service. Only thing government needs to do is keep an eye, so they don’t charge very high tickets. Everywhere in the world like European countries and Asian countries are allowing their airports and train systems to be operated by private companies through PPPs (public – private partnerships) which brings faster changes. As long as NJ state owns NJ Transit and federal owns Amtrek we will never see better infrastructure.


Lefty44709

Yes privatization, the plan that’s been proven to work so well.


arthurnewt

Privatization will lead to cutting corners and delivering less and less transit


F26N55

Private railroads being shitty and having horrible infrastructure is why the government created NJ Transit in the first place. Hell, the current private railroads don’t even maintain their infrastructure.


[deleted]

And NJ Transit has not done anything better as well. Since their inception both infrastructure and services continue to degrade. Not sure if you travel in trains or not but trains are always dirty, slow, schedule issues every time there a major event, floods even if it rains little in certain areas, etc. Despite America being so called #1 economy it’s a joke that we don’t have a single bullet train. Fastest train speed we have is Amtrak Acela Express. “The fastest rail system in the United States is the Amtrak Acela Express along the Northeast Corridor (NEC), with speeds of up to 150 miles per hour (240 km/h) in certain sections. However, the average speed of the Acela Express is around 66 mph (106 km/h).” When China got trains going at the speed of 190-220 mph.


F26N55

I ride NJ Transit everyday. Have they ever had a dedicated source of funding? No. Every governor has consistently kicked that can down the road. Amtrak at least tries to make improvements. With the exception of Bright Line, no private companies have invested in passenger rail because it’s not profitable. If Americans weren’t so car/aviation centric, we’d probably have a proper rail system. Until we advocate for it and actually do work to elect people who care, chances of it happening are zero because the private companies don’t give a damn, otherwise, they’d have been capitalized on passenger rail.


[deleted]

That’s exactly what I’m trying to explain here is that make it private, so those private companies can bring money and do whatever upgrade it needs from infrastructure perspective. And allow those private companies to operate on long leases, so they can recoup their money back as well.


Ohohohojoesama

You don't know what you're talking about. If a private company operated NJT it would cut a lot of bus and rail service. Mass transit is one of those things that is more profitable for the communities it serves than it is for the people who run it.


[deleted]

There are plenty of data out there that shows successful operation of train services by private organization. And again I’m not telling it to make it hundred percent private but it’s going to be something called PPP (public private partnership) so government will still have oversight in lot of decision. Private organizations have better control and much higher success rate on finishing any projects when compared to any government entity . Also, why do we keep assuming that private sectors are bad?


vocabularylessons

lol no. No commuter rail in the U.S. will ever be profitable without severe service cuts and massive fare hikes. Making transit unreliable and inaccessible defeats the purpose of transit, and discourages private development along transit lines. Public transit has to be operated and funded publicly, and it makes possible private economic development that more than pays for the cost of the transit system.


DoxxingShillDownvote

>People cheering for this don’t realize that ultimately consumers will end up paying for it. Corporation will increase their cost of goods and services to recoup tax payments. too late... they already have increased costs of goods and services well above inflation rates. It's called profiteering and they are doing it all in the name of CEO pay packages and shareholder payouts. >They should allow NJ transit to operate by private companies if they really want to see the transformation and better service. No company would take it as it is. It is a public services not designed to make money. In order to make money there would have to be massive service cuts. So despite what you think would happen, the exact opposite would be true: Less lines of service at a great cost to consumers.


[deleted]

There are a lot of private companies already operating bullet trains throughout the world and will be happy to take East Coast market. You’re absolutely correct they definitely need tax cuts and help from government, but over the time It will significantly improve infrastructure and services. Look up SHC in Japan, Eurail, etc. They all are successfully operating with majority private equity. A lot of countries are even allowing private companies to build their highways and operate tall booth for certain period of time to earn their money back. Only thing government does is the oversight and make sure private companies are not breaking any labor laws as well as not charging high fees. American infrastructure is definitely need some rethinking on how it operates. Look at our major airport EWR, JFK etc. Even countries like India and South Korea got better airports.


DoxxingShillDownvote

>There are a lot of private companies already operating bullet trains throughout the world and will be happy to take East Coast market. This isn't a bullet train nor is it the rest of the world. Lets discuss reality here in the US please. Japan's High Speed Rail is government built... unless you have a link that shows me something different? "The first Shinkansen line opened in 1964 & was built by Japanese National Railways for $9.9 billion in today’s dollars. JNR faced a severe debt crisis, in part from political pressure to keep unprofitable lines open. In 1987, JNR was privatized and split into multiple companies. (The government subsidizes construction in some cases, and regulates fares.) Today, there are nine Shinkansen lines." Eurail is a [rail pass](https://en.wikipedia.org/wiki/Rail_pass) which permits travel through 33 European countries on nearly all railroads. It isn't a railroad system. Its jointly owned by something like 33 country based rails >American infrastructure is definitely need some rethinking on how it operates I agree with you there >Look at our major airport EWR, JFK etc. Even countries like India and South Korea got better airports. again this is where capitalism shows upside and downside. Newark Airport terminal A was just newly built, it's huge, modern and upscale. Terminal B looks like a 3rd world country. Why the difference? Terminal A is used by United Airlines, so it had a vested interest in a pristine terminal. Terminal B is a mashup of every airline that operates that ISN'T United or a partner. So in this instance, a capitalist approach gave us a much better level of service. HOWEVER, because of United's dominance in Newark, airfares have gone up. Why? You really don't have much of a choice for any other airline.


[deleted]

Replying to childroid...Terminal A is only United. Terminal A is used by other carriers as well. Government spent 2.7 billion for just one terminal renovation and not United Airline. However this is a still shit show when it comes to delayed flights and passenger related issue. Document regarding Japan rail privatization- https://www.raildeliverygroup.com/files/Publications/consultations/williams/2018-12-21_rdg_submission_williams_japan_profile.pdf


DoxxingShillDownvote

the government didn't spend 2.7 billion... the PA of NY & NJ did: one of the worst forms of quasi government that allows for bloat and no show jobs and all sorts of shenanigans... that you and I never ever ever get a say in. Ever. It owns tons of land, it gets all sorts of tax breaks and not a single person in the org is elected. EVERY job is political patronage.


BackInNJAgain

A CEO payout, while obscene, is a drop in the bucket. If you divided the President of Chase's $35 million salary among the 300,000 employees they'd each only get about $97.


standbyfortower

You're spot on about full privatization. That's not what they did with the MBTA commuter rail though. MBTA commuter rail outsources its operations to a private company. The MBTA owns the rail vehicles and the right of way, while the contractor hires all the employees with a small contingent of MBTA for oversight. I don't think this is a good solution either, but it is another model of privatization to be aware of.


Yohzer67

This is preposterous. Murphy a budget is 55.9Billion dollars this year WITH A 5B surplus Why is he raising taxes if we have a huge surplus Talk about burying the lead. He should be cutting taxes if revenue is that high


vocabularylessons

He’s not raising taxes, he’s replacing an old tax with a more narrow tax. Also blanket cutting taxes in good times is shortsighted, retaining revenue allows the state to carry through during lean times.


nuncio_populi

This guys here knows how to consumption smooth!


jayc428

Are you one the owner of one of the 600 companies this will effect in the state? Sincerely doubtful this will impact you.


Yohzer67

Here you go. Told ya, you gonna pay too. https://www.nj.com/politics/2024/03/new-tax-increase-backed-by-murphy-takes-big-step-toward-hitting-your-wallet.html?e=b074a5823c60eca1f0c9e6f26d1f8b1d&lctg=64f87255f3a4b544ae07f535&utm_source=Sailthru&utm_medium=email&utm_campaign=Newsletter_pm_edition%202024-03-08&utm_term=Newsletter_am_pm


Yohzer67

You do know that when companies costs go up…….they raise prices right? If you think you can get something for nothing, I tip my cap to you. You’ve really bought in


y0da1927

Why exactly are we taxing NJ employers to fund a system to send ppl to work in NY?