I heard a NYS commercial I think on WABC77 radio that said that NYS would waive taxes for ~ 10 years to some businesses that move there, but we know its not all taxes.
Wouldn’t that be ‘giving tax subsidies to the rich’ ??
“I heard a NYS commercial I think on WABC77 radio that said that NYS would waive taxes for ~ 10 years to some businesses that move there, but we know its not all taxes.
Wouldn’t that be ‘giving tax subsidies to the rich’ ??”
They’ll make it up on taxing the salaries of the employees they hope to keep in NY state (especially in NYC, where they have a city income tax). During the bank bailout, NY (city & state) were fighting to allow the “rescued” banks to pay bonuses to their employees because both needed the taxes on those bonuses for their budgets.
I can’t see the dwindling number of NY taxpayers supporting a measure that has them providing police/fire protection for these companies that will certainly have hiring restrictions imposed on them (a set % of preferred minorities, for example).