Corporate Tax

Annual Report: Well being Care Change, Rutgers Employment Contract, Company Earnings Tax Price | Video

The COVID-19 pandemic has fundamentally changed the large healthcare industry in New Jersey. A new report examines how the industry can come out stronger and function better. The report, released Wednesday by the New Jersey Healthcare Quality Institute and BioNJ, calls for the development and retention of health care workers. Support new payment and delivery models like Telehealth and ensure more people have access to health care.

New working arrangements between Rutgers University and some of its major faculty and staff unions prevent layoffs until the end of this calendar year. But some workers will need vacation days in the next few months. The salary increases are on hold until July 1, and a hiring freeze also remains in place.

Corporate groups speak out against the Biden government’s plan to increase corporate taxes. The plan, which was officially released on Wednesday, would raise the tax rate from 21% to 28%. In the meantime, some New Jersey lawmakers are saying that tax changes should include a lifting of the SALT cap, which harms high-tax states like New Jersey.

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