business groups are applauding the governor's call for no new taxes in the proposed budget and they support Governor Murphy's intention to Sunset the corporate business tax surcharge at the end of this year but at the same time they say the overall business tax rate is still too high in his speech yesterday the governor noted that the business Community has said allowing the surcharge to lapse will mean more money for them to create jobs make investments and lower costs to Consumers the governor challenged businesses to keep their word on this I asked the head of the New Jersey Chamber of Commerce Tom Bracken if that's something the business Community can do Rhonda I think the business Community can do that but the state also needs to do more for the business Community we need to have a better overall business Community a more business friendly business Community we need to take care of some issues that we have been preaching about for years the chamber wants to see a working capital Grant fund for entrepreneurs and business owners and believes the state should use some of the 10 billion dollar Surplus to replenish the Unemployment Insurance Fund echoing that the New Jersey business and industry Association adds more should be done to address affordability for small and mid-sized businesses and the southern New Jersey Chamber of Commerce as well as the Commerce and Industry Association of New Jersey both raised concerns about the overall spending level of the proposed budget in other news tonight millions of diabetics will be paying less for insulin after facing criticism from lawmakers drug maker Eli Lilly said it's cutting list prices for its most commonly prescribed forms of insulin by 70 percent and capping out of pocket costs at 35 a month under federal law insulin is already capped at 35 a month for Medicare patients now here's to check on today's Wall Street training I'm Rhonda schaffler and those are your top business stories support for the business report provided by IBEW Local 102 proudly serving New Jersey's business Community since 1900 Local 102 lighting the path leading the way and by the New Jersey Chamber of Commerce announcing its renewed Jersey business Summit and Expo March 14th and 15th at Harrah's in Atlantic City event details online at njchamber.com [Music]