Hochul open to raising taxes on NY corporations to fund socialist Zohran Mamdani’s freebies

NY Post ^ | 11/14/25 | Craig McCarthy, Matt Troutman

[alloysteel]

Corporations still have to operate across state lines. By relocating outside the jurisdiction of New York, both city and state, they no longer have to collect taxes to pass through to the city and state.

Thus both city and state shall have to go hat in hand to the Feds, and there are a lot more voters OUTSIDE New York, than subject to their jurisdiction.

Object lesson to be learned: Don’t urinate in the soup.

[nonliberal]

Good. They vote for it, give it to them good and hard.

[from occupied ga]

She’s running scared of the loon wing of the Democrat party. These are the people who know that communism/socialism HAVE NEVER DELIVERED WHAT THEY PROMISED, but insist to the stupid voters that this time it will be different, and of course the stupid voters believe them because they want it to be true. The pleasant fantasy of not having to work and getting whatever you want appeals to the lazy and the entitled. There are few things dumber than a Democrat voter.

[SaveFerris]

(There are few things dumber than a Democrat voter)

Wish I could disagree 😔

[ProtectOurFreedom]

We were living in Ithaca, NY in 1961. I was in 5th grade. That was when I got my very first political lesson. Dad and his buddies one Saturday afternoon were at the house barbecuing burgers, drinking beer, and complaining about how all their NYS income tax payments flowed to NY City and the rest of the state got nothing.

[frank ballenger]

A shame all the work is wasted on taxes to go to the shiftless.

Good time to remember the novel synopsis for Ayn Rand’s Atlas Shrugged.

“Atlas Shrugged is a dystopian novel by Ayn Rand that argues that the mind is the source of all value and progress, and that society collapses when it stifles its most productive individuals through excessive regulation, taxation, and a culture that condemns self-interest. The novel’s central metaphor is that of the mythical giant Atlas, who is forced to hold up the sky, and the story’s “shrug” is when the nation’s “prime movers”—the creators and industrialists—go on strike, abandoning their businesses and disappearing.”

[Republican Wildcat]

Some of these “New York Corporations” are likely soon to be “Different State) Corporations” and the tax revenue will collapse.

[DAC21]

“Some of these “New York Corporations” are likely soon to be “Different State) Corporations”

Delaware use to be that destination. Now there is a “Dexit” happening. According to an AI search....

“Many corporations are leaving Delaware, citing legal uncertainty and an increase in shareholder litigation, a trend nicknamed “Dexit”. The movement was partly triggered by Elon Musk’s decision to move Tesla and SpaceX to Texas after a Delaware court invalidated his compensation package. High-profile companies such as Coinbase, Dropbox, Roblox, and Meta are also leaving or considering leaving, often reincorporating in states like Texas or Nevada, which offer more business-friendly corporate laws”

JP Morgan / Chase is one of the mega Corporations that is incorporated in Delaware. Though it’s main headquarters is a shiny new “all electric, sustainable” 60 story building in NYC. My Nephew moved from San Diego to West Chester PA to take a job at Chase at the Wilmington Delaware office after going from the Marines active duty > reserves. Hoping for him Morgan / Chase doesn’t pack up and leave DE. He likes West Chester, relatively patriotic, conservative area of PA.

[Vaduz]

Corporations looking for relocation areas asap NYC to be the
biggest ghost town in the east.

[mewzilla]

If she does this, you can bet Albany will turn around and subsidize the same companies geting their tax oxen gored.

Check out the subsidies corporations staying in NYS get from Albany.

They stay for good reason.

[mewzilla]

I’m a Dem. And you’ll meet plenty at Trump rallies.

Why do people persist in thinking that there’s a difference between the two parties.

You’re either MAGA...or not.

And there are MAGA from both parties.

Because the republic comes first.

[Night Hides Not]

Interesting that in North Texas, several suburbs are looking at reducing or eliminating the taxes they pay into DART/rapid transit. They rightfully complain that the money paid in is far more than the services received.

Should they withdraw, they will be able to negotiate separately for those services, instead of being in the minority of a Dallas dominated entity. I see it as similar to the dynamics in Washington state and King County.