Corzine Outlines His Economic Recovery Plan ; Includes Tax Breaks for Businesses, Help with Jobs, Homes

Summary


Governor Corzine is pushing tax breaks for businesses, state- funded programs to create jobs and immediate help for homeowners threatened by foreclosure to counter the ongoing economic slowdown in New Jersey.

The governor unveiled a broad statewide economic recovery proposal during a special joint session of the state Legislature on Thursday.

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Corzine Outlines His Economic Recovery Plan ; Includes Tax Breaks for Businesses, Help with Jobs, Homes

His plan calls for $150 million in new state spending and about $250 million in federal funds. To pay for it, Corzine is calling for more cuts to state programs and operations.

"Our state and nation is in the grips of the worst economic crisis since the Great Depression," said Corzine, former chai...

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