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In Fight over Minimum Wage Hikes, Small Businesses Get Trampled

Despite being just one of 23 states with a minimum wage higher than the federal minimum wage, New Jersey will see another increase of 1.59% come January. Small business owners are claiming the rate hikes will negatively impact job creation, will lead to fewer hours for current employees, and will result in an increase in costs for consumers. Last year, voters approved a proposal to increase the wage by nearly 14 percent, to $8.25, in addition to annual increases tracking cost-of-living expenses...

New Study Grades Nation’s Governors on Fiscal Policy

Quantifiably ranking all the fiscal policies of the nation’s governors, the Cato Institute’s recently released “Fiscal Policy Report Card on America’s Governors” highlights the variety of economic policies of the various states, by grading the nation’s 29 Republican and 21 Democratic governors on their individual tax and spending policies. The annual study, conducted by Director of Tax Policy Studies Chris Edwards and Cato Institute budget analyst Nicole Kaeding, found that, while most state...

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