NY State Website for Attracting Business
Start-Up-NY is a promotion to attract businesses to the state of New York, by offering 10 year tax exemptions. But the Mayor of the city of New York sees it differently, wanting to raise taxes on the wealthy.
CNS: Mayor DiBlasio Promises to Tackle NYCS Inequality Crisis
See a conflict here do you? In order to attract businesses to the state they must drop the taxes. But in order to fix the problems of lack of income for some people, they must raise taxes.
Conservatives have been arguing since the days of Ronald Reagan that lower taxes will improve the overall economy. Even JFK talked about this same thing during his term. Then subsequent lowered tax rates indeed boosted the economy.
Today there are many states which have taken this conservative economic education to heart, and their states are thriving. Florida is the best example of this. Florida has no income tax, no inheritance tax, no SSI tax, though it does have a sales tax and property tax.
If liberals insist on raising taxes and investing in our future, they have to prove it works, and they cannot. Conservatives can, however, prove lowering tax rates leads to increased tax revenue.
Time to get with the program.
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