Pew Charitable Trusts updated the COVID job loss in all 50 states, and sadly NJ came in 6th-worst. Sunlight compared the job-loss numbers with the Tax Foundation’s rankings of states’ tax climates for businesses. Note that eight of the bottom ten states for job-loss are all in the bottom third for tax climate. Only Nevada, where the gaming industry has taken a particularly hard hit, could be called a low-tax state.
Worst States for Job Loss (Tax Foundation Ranking)
- Vermont -9.1% (43)
- Maryland -8.8% (44)
- California -8.7% (49)
- Nevada -8.7% (7)
- Connecticut -8.7% (47)
- New Jersey -8% (50)
- Illinois -7.7% (36)
- New York -7.5% (48)
- Rhode Island -7.3% (37)
- Virginia -7.3% (26)
NJ citizens must remember that NJ already had the WORST TAX CLIMATE IN THE NATION, and yet Gov. Murphy RAISED taxes on businesses in the middle of the pandemic. That’s a recipe for having 8% fewer jobs. Good for Murphy’s public-sector union pals, but demonstrably bad for NJ citizens.