Businesses get break as tax hike on health insurance is reduced by ProQuest


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									          THIS        WEEK
                                                                                                                                                              Groundbreaking moves
                                                                                                                                                               A year’s worth of legislation has
                                                                                                                                                                  been aimed at making the
                                                                                                                                                                  Garden State friendlier to
                                                                                                                                                                       developers. Page 17
                                                                                                                                      ®                        CONSTRUCTION / DEVELOPERS SPOTLIGHT
                                                                                                                                                            $2.00                        JULY 13, 2009              

                                                                                                                                                            Businesses get break
The Legislature seeks to protect the jobs

                                                                                                                                          Christina Mazza
of employees who also volunteer as
emergency services respondents.
Page 6

Real Estate
                                                                                                                                                            as tax hike on health
                                                                                                                                                            insurance is reduced
                                                                                                                                                            But small companies will                          The increase will go into the
                                                                                                                                                                                                         New Jersey Health Care Subsidy
An executive at a real estate services firm
                                                                                                                                                            still feel sting of increase                 Fund, which reimburses hos-
stepped down to seize a new opportu-                                                                                                                           By andreW kitchenman                      pitals for providing charity care
nity, enjoying more responsibility and                                                                                                                      A TAX INCREASE on thousands                  to patients who do not have any
working with an underserved market.
                                                                                                                                                            of small and midsized businesses             health insurance.
Page 8
                                                                                                                                                            would have been much worse if                     While it could have been much
Finance                                                                                                                                                     not for a last-                              worse, health insurance executives
                                                                                                                                                            minute legis-                                made clear that the outcome was
                                                                                                                                                            lative rescue                                at best a partial victory, since they
                                                                                                                                                            operation just                               and those they insure will still see a
                                                                                                                                                            before the June                              tax increase.
                                                                                                                                                            30 state budget                                   The tax hike was eased when the
                                                                                                                                                            deadline.                                    state instead transferred $60 million
                                              Sister Patricia Daly brings the gospel to the boardrooms of major corporations as the                              The state                               from a little-used insurance guaranty
                                              executive director of the Tri-State Coalition for Responsible Investment.                                     tax on health         John Leyman            fund to the subsidy fund, instead of

                                                   Sister act
                                                                                                                                                            insurance premiums, paid by com-             imposing the full tax increase.
Smart business owners are focusing on
customer service and other offerings to                                                                                                                     panies that buy health coverage                   The original increase would
attract clients in the recession, instead                                                                                                                   from insurers, will increase from 1          have led to fewer people having
of slashing their prices and thereby                                                                                                                        percent to 1.35 percent, instead of          access to insurance, according to
reducing their revenue.                                                                                                                                     rising to 2.25 percent as originally         Ward Sanders, president of the New
Page 10                                                                                                                                                     proposed. The increase sunsets               Jersey Association of Health Plans.
                                              Catholic group encourages clean corporate conduct                                                             after one year.                                         ➤➤   See TAX on page 4
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                                                                                                                                                            Minority-owned businesses
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                                                                               By Shankar P.
Opinion                                       FROM HER RENTED offices in a stone church building in Montclair, Sister
Our Point of View: By controlling             Patricia Daly, of the Caldwell-based Sisters of St. Dominic, takes the calling
whether a company dismisses em-
ployees who volunteer as emergency
services respondents, the government
                                              of the gospel to corporate America, reminding them of their social, fiscal
                                              and environmental obligations.
                                                     A familiar face at investor meetings, Daly has for 32 years taken on
                                                                                                                                                            get fast track
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