What Form 2220 Employers 2023-2024

Today, I'm pleased to announce that the growing health and solvency of our trust fund, which now has a positive balance of 1.8 billion dollars, will allow for yet another tax cut to be realized by our employers. We had announced just a few weeks ago a two hundred million dollar tax cut effective July 1st. We're now announcing that we will increase that tax cut on July 1st by another 180 million dollars, making for a total tax cut of 380 million dollars for our employers as of July 1st. This is the largest unemployment insurance tax relief in New Jersey history, the single biggest unemployment tax cut for businesses in the modern history of the state. On average, New Jersey companies will pay nearly $100 less per employee in taxes. It's a tremendous benefit for everybody in the state because it'll allow successful private-sector companies, just like this one, New Jersey manufacturers, not the government, to continue growing our economy and creating jobs. I absolutely believe it's because of the policies that we've worked with in concert with the business community. When I was running for governor in 2009, I didn't feel the need to go and reinvent the wheel. I went to the business community and said, "What are the things that you've been begging for for the last eight years telling me, and we'll try to get it done" And we did 2.3 billion dollars in tax reforms and reductions that are now fully phased in, and we're seeing the benefit of that across the state. Our New Jersey grow program and economic incentive programs have been merged into one and are now being run by the Economic Development Authority in a way that really allows us to target not only the places in the state that...