New Jersey Treasurer Sherrill outlined a two-pronged approach to addressing the budget gap, focusing on making spending cuts and bringing in more revenue. One of her proposals involves a new fee targeting businesses that have 50 or more employees on Medicaid, forcing them to cover their workers or pay a fine. The fee is intended to offset rising Medicaid costs. However, some business groups are unhappy with this fee, along with a cut in corporate tax deductions. The New Jersey Chamber of Commerce praised some of Sherrill's proposals, but voiced concerns about potential increases in costs for employers.