New York Gov. Kathy Hochul is challenging the popular perception that her state is unfriendly to business. On the campaign trail, the governor has pointed to a seemingly straightforward fact: She has not raised New York’s income or corporate tax rates since taking office in 2021 following Andrew Cuomo’s resignation,
Spare us the talking point.
Hochul was right to resist calls for another tax increase, including pressure from New York City Mayor Zohran Mamdani. But avoiding a higher headline tax rate does not suddenly make New York a low-cost place to live, work, or build a business.
Hochul… Read More in Real Clear Politics