Bramnick: IRS confirms GOP concerns about outmigration

Assembly Republican Leader Jon Bramnick says recent IRS data shows New Jersey’s outmigration problem is getting worse. Recently released data by the IRS shows the state lost a net $3.2 billion of adjusted gross income in 2017 and 2018.

“It looks like New Jersey is losing people, and billions of tax dollars,” said Bramnick (R-Union). “Nearly half of the people moving are going to our neighbor states. We need to lower taxes to become more competitive and stop outmigration.”

New Jersey has lost $28 billion in net adjusted gross income since 2004-2005, according to the New Jersey Business and Industry Association.