For Release — Wednesday, January 11, 2006
FROM DANIEL B. WALSH
President/CEO, The Business Council
ON GOVERNOR PATAKI'S PROPOSALS FOR
TAX CUTS AND WORKERS' COMP REFORMS
The Governor's proposal today is big news and welcome news.
When businesses invest and make a profit in New York, they create jobs. Cutting tax rates and eliminating barriers to capital investment, as Governor Pataki has proposed, make a powerful combination that will improve our competitive standing dramatically.
New York has the nation's heaviest overall tax burden and second-highest workers' comp costs on a costs-per-case basis, and these unacceptably high job-creation costs keep our job-growth down.
The Governor today is telling all New Yorkers that these realities are unacceptable and state government must address them. And he has outlined an aggressive plan which, if adopted, will benefit New Yorkers for many years to come.