Politics & Government
Is NJ Financial Transaction Tax Off The Table? Maybe: Report
Rep. Josh Gottheimer said he hopes the proposed tax is "dead in the water." The bill would have likely had a major impact on Mahwah.
MAHWAH, NJ — A proposed financial transaction tax, which prompted the New York Stock Exchange to test an alternate data center and threaten a move out of their Mahwah site, has seemingly lost steam, Politico's Matt Friedman reports.
Friedman reported the development in his New Jersey Playbook newsletter, and the news was well-received by Rep. Josh Gottheimer.
"After we sounded the alarm on how much a potential financial transaction tax would cost our state, hopefully this idea is dead in the water," said Gottheimer. "This would have cost our local community significant revenue & hundreds of jobs at a time when we cannot afford it."
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READ MORE: Mahwah: NYSE Tests Alternate Data Center Ahead Of Transaction Tax
Click here to read Friedman's full New Jersey Playbook column on Politico.
Find out what's happening in Mahwahfor free with the latest updates from Patch.
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