Murphy says N.J. must revamp how it hands out tax breaks to companies as controversy rages over embattled program Less than a month before New Jersey’s embattled corporate tax incentive program expires, Gov. Phil Murphy on Wednesday pushed his plan for a complete revamp he said won’t just enrich large companies — as critics have charged — but boost startups and rebuild communities.

Murphy laid out his proposal during a speech in Cherry Hill, the backyard of South Jersey political power broker George Norcross, a fellow Democrat who is at the center of an increasingly heated battle over how taxpayer-funded incentives — or tax breaks — have been used in the Garden State.

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