In a letter to the editor, Republican 8th District congressional candidate Anthony Valdes gives his take on why Hudson County Commissioner Bill O’Dea’s idea for Jersey City payroll tax compliance could be problematic.
Dear Editor,
I am writing to express my concern regarding the recent proposal by 2025 Jersey City mayoral candidate Bill O’Dea.
Mr. O’Dea proposes to enforce payroll tax collection from construction companies and developers in Jersey City by denying permits and certificates of occupancy to those who have not fulfilled their payroll tax obligations.
While ensuring tax compliance is crucial, this approach could have unintended consequences that may significantly halt economic growth and discourage future investments in Jersey City.
Mr. O’Dea’s proposal, while aimed at improving tax collection for the benefit of our schools, seems to overlook the potential negative impact on the construction sector.
New construction is an important engine of economic development and job creation not only in Jersey City but across our great nation as well.
By adding more layers of bureaucracy, we risk driving away developers and contractors, which could lead to fewer construction projects, less employment, and ultimately less revenue for Jersey City and its schools.
Furthermore, the proposal to scrutinize certificates of occupancy issued in the last three years for projects exceeding $10 million suggests a retrospective approach that could create uncertainty and distrust among businesses.
Such measures could be perceived as hostile to the business community, which is already navigating the complexities of compliance with numerous regulations not to mention the already high costs of the construction permit itself.
Jersey City needs policies that encourage cooperation and compliance, not those that penalize and deter future projects. There are alternative solutions to improve tax collection without risking the city’s unique economic position.
These include enhancing transparency, investing in better tax collection infrastructure, and creating a collaborative environment where businesses can thrive while contributing their fair share to the community.
Mr. O’Dea’s proposal is obviously of good intentions, but in my opinion over taxation will always ultimately fall on the property tax payer creating a further burden upon them.
Times are tough as it is and more red tape is certainly not the answer.
As we consider the future leadership of Jersey City, it is imperative to carefully assess proposals that may have serious implications for our economy and community.
Let us strive for solutions that balance fiscal responsibility with economic growth for the betterment of our community.
Sincerely,
Anthony Valdes
Republican Candidate for U.S. House of Representatives
NJ Congressional District 8