The Trump administration is expected to unveil a plan to revive the Garden State’s economy, according to a senior administration official who spoke on condition of anonymity because the plan is not public.
The proposal will outline a plan that would spur growth in agriculture, tourism, manufacturing and technology, according a senior White House official who was briefed on the plan.
That includes boosting the state’s economic growth, the official said, but not a return to the jobs-killing policies of the 1990s.
“We’re trying to get back to a world of jobs, growth and opportunity,” the senior administration source said, speaking on condition he not be identified because the official is not authorized to discuss the plan publicly.
“But we’re not going to make it back to the world of economic failure.”
The Garden State is home to about 300 million people, most of them in cities and towns with a large Latino population.
President Donald Trump is hoping to revive jobs and economic growth by boosting agricultural production, which has been declining for decades.
The plan could also include a tax credit to encourage businesses to create jobs and a crackdown on businesses that don’t pay their fair share of taxes.
But the plan would likely face a fierce backlash from a wide swath of Republican lawmakers, who would oppose it.
“The Garden state has been and continues to be a leader in agriculture and we’ve seen tremendous economic success,” Senate Minority Leader Charles Schumer Charles (Chuck) Ellis SchumerElection Countdown: Kavanaugh allegations put GOP in tough spot | Republicans start to pull plug on candidates | Dems get early start in Iowa | O’Rourke defends Cruz after protesters interrupt dinner | Why Biden is the Democrat GOP most fears Bredesen says he won’t back Schumer for Senate Dem leader MORE (D-N.Y.) said Tuesday.
“This is a major step backward and it will have a huge impact on our country and the economy.
It will be a disaster.”
He added: “We will not support it.”
Andrew Cuomo, who is running for re-election, has called the plan “reckless” and said it is a “sham.”
“It’s reckless,” he said in a statement.
“It’s a plan of economic destruction.”
Trump has said he would like to restore the Garden state to its former glory, and he wants to do it “at a tremendous tax burden.”
The proposal would include a one-time tax credit of $250,000 per household for businesses that create more than 500 jobs.
The tax credit would apply to the entire state and would not be extended for two years.
The plan would also provide $3.4 billion in incentives to help businesses, including the creation of hundreds of thousands of manufacturing jobs.
“I think that’s an incredibly important thing to do and I think that it’s going to help New York in the long run,” Trump said in April.
The Trump administration has been working on the Garden plan for months.
It was first announced in September, and it has since been discussed in more detail.
Trump made the plan a priority of his campaign, but his administration has not put it to a vote.
The White House is expected on Wednesday to release a proposal on a major infrastructure package.
The proposal is expected, and could include money to build a new border wall between the U.S. and Mexico.
Trump’s proposal is also likely to face opposition from some Republicans, including Sen. Rand Paul Randal (Rand) Howard PaulA Senator Gary Johnson could be good not just for Libertarians, but for the Senate too Conservatives left frustrated as Congress passes big spending bills Senate approves first-ever immigration bill MORE (R-Ky.).
Paul has been a vocal critic of Trump’s border wall proposal.
Last week, he tweeted that the plan was “not going to happen” and would have “no chance of passing in the Senate.”
“We need a border wall, but we don’t need another border wall,” Paul said.
The Garden plan is one of the administration’s top priorities, but it’s far from clear if the plan will get traction.
Trump has vowed to sign the plan into law, but there is some question as to whether he can get the votes in the Republican-controlled Senate to do so.
The GOP-controlled House passed a bill in December that would have made a border tax on imports an option.
The Senate has passed legislation that would raise taxes on corporations and individuals to help pay for a border fence and the construction of a border barrier.