Saturday, April 26, 2014

In New York vs. Texas, it’s TKO by Texas

The Washington Times ^ | April 25,2014 | EDITORIAL
The governor’s best-known initiative to make New York more business friendly, however, is only a smoke-and-mirrors corporate-welfare scheme. Start-Up NY, featured in television commercials starring Mr. Cuomo, aims to “revitalize” business opportunities upstate. The state and local governments will waive state and local taxes and offer handouts for hand-selected businesses that partner with a nearby college or university. Start-Up NY eliminates taxes on favored businesses, sticking the unfavored with the bills. Therein lies the cause of New York’s uncompetitive position. Legislators in Albany are content to make tiny tax cuts and aid a few businesses at the expense of the others, without addressing the state’s fundamental problems of spending and regulating everything in sight. Until Mr. Cuomo and his colleagues make the sweeping changes necessary to make business welcome, competing against Texas and other states offering low taxes and reasonable regulatory burdens, it won’t be a fair fight.
(Excerpt) Read more at washingtontimes.com ...

T-Shirt