For Release — Oct. 26, 2010
New York falls to worst tax climate in the nation
ALBANY— “Today's news that the Tax Foundation ranks New York's tax climate as the worst in the nation is another clear message that business as usual must end in Albany,” said Kenneth Adams, president and CEO of The Business Council of New York State, Inc.
New York fell to 50th in the nation in this year's Tax Foundation rankings from 49th last year. New York now has a worse tax climate than California and New Jersey.
“It is clear that in the last two years the Democratic Majorities in both the Senate and Assembly have made New York's competitive position worse by adding billions of dollars in new taxes,” said Adams. “That trend must end in the next legislative session. New York must start to lower its tax burden to become competitive again and create jobs.”
In 2008 New York was ranked 45th. In 2009 it was ranked 49th. And now is ranked a worst in the nation 50th. The Tax Foundation's full report is available here.