Leaders Warn Tax Increases Would Raise the Cost of Living and Hurt New York’s Economy

“New York City’s business community stands united in strong opposition to tax increases as part of the State budget under negotiations. New York is the highest tax and spending jurisdiction in the country and New Yorkers already pay among the highest individual, business, and property taxes. This is particularly true in New York City, which is home to the nation’s highest individual, business, and real estate tax rates. The Governor's Executive Budget prudently recognized this reality. The legislative one-house budgets do not. These ill-advised proposals will only make it harder for families and businesses to live and grow in New York City, deter investment, and continue New York’s electoral decline due to its tax and fiscal policies.”

The Bronx Chamber of Commerce
The Brooklyn Chamber of Commerce
Building Owners and Managers of Greater New York
The Business Council of New York State
Five Borough Jobs Campaign
Hotel Association of New York City
The Manhattan Chamber of Commerce
National Federation of Independent Business (NFIB)
National Supermarket Association
New York Apartment Association
New York Building Congress
New York State Association of Realtors
New York State Builders Association
Partnership for New York City
Queens Chamber of Commerce
The Real Estate Board of New York
Small Property Owners of New York
The Staten Island Chamber of Commerce
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