Todays word on the state of our state, our nation, and the world.
|#5: Tax Free — er, Start Up NY|
|Here’s one for Throwback Thursday: does anyone remember "Tax Free NY?" That was the original name of "Start Up NY," Andrew Cuomo’s economic development plan, before everyone reminded Cuomo that his New York is still the most taxed state in the Nation.
Texas Governor Rick Perry pointedly called the plan "small ball." Texas, after all, has no personal income or corporate tax. That must be nice.
So Cuomo changed the program’s name.
But he didn’t change its problems. And the problem is, under Start Up NY, only a select few businesses qualify for only a select few tax exemptions for only a select number of years.
As for everyone else? They’re still stuck in the most taxed, most regulated, least economically free, least business-friendly state in America.
Cuomo has said that lowering personal income tax rates is "impossible." Instead, he’s extended tax hikes on high-income New Yorkers as well as the utility tax on all New Yorkers. The former is an incentive for New York’s job creators to relocate; the latter is a hidden tax hitting New Yorkers’ paychecks.
Not that you’d know any of this from watching those ubiquitous Start Up NY ads. Indeed, Cuomo is using hundreds of millions of tax dollars running thinly-veiled campaign ads for himself, while New York remains dead last in just about everything.
We’ve called on Cuomo to reimburse taxpayers for these blatantly political advertisements.
And what do we have to show for all of this? Well, not a whole lot. The New York Post reported just this week that Cuomo is touting 72 new jobs as proof that Start Up NY is working. That’s 72 jobs, in a state with a labor force of 7,614,500 workers. As the Post said in an editorial, if this is considered "a ‘success,’ maybe it’s time to rethink our business-development plan."
Capital New York reported last week that a gathering of tech executives in New York called Start Up NY "too slow and complex to be useful."
Policies that help create jobs don’t have to be slow and complex. Let’s cut taxes for everyone, roll back regulations and revamp our workforce development programs, just like other states have done.
It’s not a coincidence that 8 out of the top 10 states for job growth have Republican Governors.
We can duplicate their success here in New York, but it’ll take a serious jobs plan (like this one), not taxpayer-funded political ads that obscure the truth about our horrendous economic climate while providing political fluff for the incumbent Governor.
|October 30, 2014|
|Earlier this month, the NYGOP released "Andrew Cuomo’s Bottom 10" to coincide with the Governor’s appearance on David Letterman. We’ll be recapping one of those items every day for the final ten days before Election Day. Today, here’s:|