Four top Camden Democrats today slammed Gov. Phil Murphy for attacks on the city of Camden, saying a task force he formed to probe tax credits provided by the Economic Development Authority has a political agenda.
“For months, Governor Murphy has claimed, with zero evidence, that $11 billion in taxpayer money has been squandered because of lucrative tax credits given to huge companies, said the Democrats — Camden mayor Frank Moran, council president Kevin Jenkins, State Sen. Nilsa Cruz-Perez and freeholder Louis Cappelli.” “Perhaps in the age of Donald Trump, the Governor has learned all the wrong lessons of leadership and adherence to the truth.”
The criticism comes one day after Murphy sent a direct shot at Democratic powerhouse George Norcross by saying he was “deeply troubled” by news stories that detailed allegations of abuse in tax incentive awards.
“It has occurred to us that the Governor maybe holding Camden and the business communities in general hostage to get his massive tax increases through the legislature. In an already high-taxed state like New Jersey, we think it is unwise to pile on the taxes even more and drive people and businesses out of state,” they said. “Regardless, we think it is unfair and illogical to use the most significant contributors to our economy – our businesses – as pawns to get the massive taxes enacted. “
The Democrats also took aim at tax incentives awarded to to Goldman Sachs when Murphy was a top executive at the Wall Street firm.
“We find it surprising and hypocritical that Governor Murphy has happily accepted $165 million in tax credits when he was on the management committee at the huge and lucrative firm, Goldman Sachs, and was fully prepared to give away $5 billion to the planet’s richest company, Amazon, but has feverishly insinuated without proof that irregularities “exist for tax programs that would help Camden, the Democrats said. “It must have been okay for him and Amazon because he was moving his firm to Jersey City and Amazon was considering moving to Newark.”