For Release — January 13, 2009
Business Council supports Governor's call to use stimulus to eliminate tax increases
ALBANY— “New York's fiscal crisis is a result of spending too much and taxing too much for too long,” said Kenneth Adams, president & CEO of The Business Council of New York State, Inc. “The Business Council strongly supports Gov. David Paterson's plan to use federal stimulus money to eliminate proposed new taxes and fees in his budget.”
State and local per capita spending is already nearly 50 percent above the national average and well above states we compete with for jobs.
“New York taxpayers simply cannot afford the level of government spending that has become a tradition in New York,” said Adams. “The Governor is right when he says we must change the culture of spending. Using a one time infusion of federal money to increase baseline spending would be a disaster.”
“The last thing New York's economy needs now is billions of dollars in new taxes and fees that will depress consumer confidence and make it harder to live and work in New York,” added Adams. “The best stimulus for New York would be to make our state more economically competitive. Using federal dollars to prevent increased taxes and fees is a good first step.”