Friday, January 17, 2014

Democratic Governor Calls For Lower Taxes

See De Blasio vs. Cuomo: The new progressives demand another New York tax increase, WSJ 3-13-14. Excerpts:

Governor Andrew Cuomo said
""You have a lot of hardworking families, a lot of homeowners who are getting crushed in this state by taxation," he noted last week. "And they understand that more tax cuts changes the business climate of New York, changes the reputation of New York, changes the perception of New York, will keep more businesses and will attract more businesses—and you grow more revenue."

"Millionaires living in New York City pay a combined top rate of 12.696%, the second highest in the country after California, which is one reason so many hedge funds decamp for Greenwich."

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