Stronger Economy

#1: Build an open economy to promote growth and opportunity for all

“Having started and run two successful main street businesses, I understand firsthand what policies will revive our economy and make us more competitive with our regional neighbors, especially for our small businesses that were so badly impacted by the pandemic. As your Governor, I will create an open economy that will promote jobs, economic growth and prosperity for our state.” -Jack Ciattarelli

  • Make our state’s third-highest corporate tax more competitive by substantially lowering the corporation business tax over five years 
  • Offer businesses more flexible corporate governance rules by adopting Delaware’s business-friendly by-laws
  • Allow an earlier tax benefit through carrying forward capital losses to future tax years and accelerating depreciation of assets, with a 50% reduction over five years in 10% increments
  • Eliminate the capital gains tax on the sale of small “mom and pop” shops
  • Eliminate the capital gains tax on the sale of a home or second home
  • Promote entrepreneurship and smarter redevelopment in urban areas through expansion of federal Opportunity Zones and other private investment

 

#2: Upgrade infrastructure to improve safety and facilitate commerce 

“Investment in infrastructure is an investment in good-paying jobs and our quality of life in New Jersey.  As Governor, I will reform the way we maintain and improve infrastructure by working with legislators on both sides of the aisle, in New Jersey, Washington, D.C., and our neighboring states to make New Jersey work again.” – Jack Ciattarelli

  • Support the Gateway Project and work with our congressional delegation and the Biden Administration to ensure its funding in any new, federal infrastructure deal
  • Reduce costs by increasing “alternative delivery,” such as public-private partnerships (P3s) and design-build programs, for big projects to better leverage private sector funding
  • Reform the state Department of Transportation so that it completes projects more quickly and efficiently, keeping our roads and bridges safe
  • Work with bi-state agencies like the PANY/NJ to ensure we get our fair share of funding for projects like the Newark Airport terminal and additional trans-Hudson capacity
  • Secure long-overdue federal and state investment, combined with private sector investment where applicable, to finally relieve the traffic congestion on major roads, like the GSP between exits 142 & 153, and Route 55.
  • Dedicate every penny possible of NJ Transit's TTF renewal monies to address emergent track repairs, which later may require reimbursement from Amtrak
  • End the practice of raiding NJ Transit's capital budget to cover daily operating expenses
  • Place the State DOT and the Motor Vehicle Commission under one roof

Do you agree?

Jack 4 NJ