[B4Ranch]

When Federated closes, the State will give 'free tax awards' to immigrant businesses to pick up the loss of jobs.

Makes sense to me. (If I was drunk)

[Alberta's Child]

I'm no fan of Jim McGreevey, but I suspect that Federated was already in the process of consolidating their operations in New Jersey and are simply using this revised corporate tax as a means of passing off the blame on someone else.

I say this because it appears (at least right now) that none of their competitors have responded to the higher corporate tax in a similar manner.

[MeneMeneTekelUpharsin]

Shut it down. Many small businesses are closing for that very reason. Better to be poor than to just work to pay taxes. Not going to do it...

[Coleus]

Yep, that's what happens when a Governor raises taxes or the minimum wage. BUSINESSES CLOSE AND PEOPLE ARE LAYED OFF. I just read an article in the Star Ledger, July 3, where it stated that NJ RAISED it's public-sector payrolls by 7.18 %