In her latest opinion piece, the New York Post‘s Betsy McCaughey noted New York’s last-place finish in the 17th edition of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index.
If you pay New York state taxes, you’re paying top dollar and getting bupkis.
Nothing in the tentative budget deal announced in Albany changes that.
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Now New York’s economy is predicted to fall to last place among all 50 states in the coming year, according to a new American Legislative Exchange Council report and economists Arthur Laffer and Steve Moore.
What’s to blame? The highest combined state and local tax burden of any state, as well as high workers’ compensation costs and energy costs that eat away at a business’ bottom line.
These issues are fixable.