Their campaign to draw businesses to NY by a ‘no taxes for ten years’ will not work because smart businessmen know that the far left liberals in NY will use ‘fees’ to reclaim the money they lose in ‘taxes’.
Rumor has it that Hurricane Sandy funds we used to fund the NYS Governors commercial about business returning to NY
Gov. Cuomo proposes to return $250.oo to each NYS taxpayer immediqately prior to the Govenernor's re-election campaign.
It is all 'smoke and mirrors' as this is additional debt funded by debt bonds.
Additional fees: everytime you renew your car insurance in NYS , you pay an additional $15.oo to the State for each payment.
If you pay car insurance month to month, that is an additional $180.oo per year , just to be insured .
It is the hidden fees that wear you down .. !!
Yup. We've been hearing those ads in Texas for quite a while. No savvy business will move there. Just wait until that ten years is over and bend over.
Or do the same thing California did: decide they were losing too much money with their business-friendly tax laws and pass a new law guaranteed to bring in more revenue by deciding that the current laws were too lenient and pass a newer and more restrictive taxing scheme and make it retroactive.
So all those businesses that had saved so much in less taxes over the years now found themselves liable for several years worth of 'back taxes'.