How They Stand On the Issues

The Record, Bergen County, NJ › December 01, 2009

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Summary

VOTERS GUIDE

ECONOMY

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Extract

How They Stand On the Issues

Job creation

Corzine:

* Signed a law giving businesses $3,000 for each job created.

* Created a $50 million fund to be used by commercial banks to give loans and loan guarantees to small and midsized business, and non-profits.

* Signed a law giving tax breaks to developers who invest more than $75 million in projects that relocate or create jobs in or near a transit hub (later amended to reduce the threshold to $50 million).

Christie:

* Would "implement aggressive economic growth strategies" through public-private partnerships and would consolidate the state's economic development programs in a new government agency, Partnership for Action.

* Would encourage urban economic growth by consolidating all development and economic incentive programs aimed at cities under Garden State Growth Zones.

Daggett:

* Would create a more business-friendly environment by reducing taxes, including cutting the corporate business tax by 25 percent.

Business taxes

Corzine:

* Signed a law that increased the time that a net-operating loss can remain on the books and be used as a tax deduction.

* Ended the "throw out" rule that allowed ...

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