The following article was written by the New Jersey Society of CPAs. It reflects the views of that society and does not necessarily represent the views of the Progressive Accountant and its parent, PMG360.

After accepting the Democratic nomination for New Jersey governor earlier this month, gubernatorial candidate Phil Murphy reiterated his pledge to raise the state's minimum wage to $15 if elected this coming November. The position, and its implications for small business, could be a sticking point in the state election as the Republican gubernatorial candidate, Lieutenant Governor Kim Guadagno, is decidedly against raising the wage.

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