States wishing to remain competitive for international investment
in today’s business climate should reduce or eliminate corporate
taxes entirely, according to a new study by the Tax Foundation.
The study, released in early October by the Tax Foundation, found
that many state lawmakers are revamping corporate tax structures
in order to make their tax systems “more competitive for jobs
and investment in the international marketplace
An unusually diverse group of individuals and organizations outlined
reasons voters should reject a proposed constitutional amendment
on this November's ballot.
“I don’t see how you’d call this reform. I don’t
see how this can conceivably be called good government," said
Frank Mauro, director of the Fiscal Policy Institute and widely
recognized advocate for generally liberal fiscal policy
ALBANY—A diverse group of organizations and individuals opposed
to a proposed constitutional amendment to radically overhaul New York's
budget process will outline different arguments against it at a news conference
at 10 a.m. Monday, October 17, in the LCA press room in the Legislative
Office Building in Albany
Relieving traditional communication providers from burdensome regulations
will benefit New York’s economy and New York residents, The
Business Council has told the state’s Public Service Commission
(PSC.)
In testimony presented October 11 to the PSC, the Council’s
director of energy and telecommunications issues, Anne Van Buren,
said non-traditional communications companies, such as wireless
providers, are quickly moving into the market
New York's high wages and labor costs are partly to blame for the
current troubles of Delphi Corporation's Lockport Plant in Buffalo,
Delphi’s CEO Robert S. Miller said at a press conference on
Wednesday, October 12.
Miller told reporters that New York’s workers’ compensation
rates add $3 per hour to the company’s labor costs
ALBANY—Former New York State Governor Hugh L. Carey has agreed
to chair Stop the Amendment, a new coalition of think tanks,
fiscal-policy experts, good-government groups, former state budget
officials, and business groups that is united in its opposition to a proposed
constitutional amendment that would radically change New York’s
budget-making process
New York's spending has grown nearly three times the rate of inflation
since 2001, according to a new report from state Comptroller Alan
Hevesi.
The report, an annual analysis of state finances, found that state
spending totaled $101.1 billion in fiscal 2005, “an increase
of $3
ALBANY—Significant changes must be made to the proposed Regional
Greenhouse Gas Initiative (RGGI) to minimize impacts on the economy of
the Northeast, business association leaders in nine northeastern states
wrote in a collective letter to their respective Governors.
In the September 22 letter to Governor George Pataki and his counterparts
in Connecticut, Delaware, Massachusetts, Maine, New Hampshire, New Jersey,
Rhode Island and Vermont, the organizations criticized the plan as likely
to drive electric prices higher for businesses and residents
The proposed constitutional amendment is not real reform and, if
passed by voters this November, would virtually guarantee higher
spending and late budgets, said Alair Townsend, publisher of Crain’s
New York Business.
“New York spends too much, and it has the second-highest state
and local tax burden in the nation to support this spending,”
Townsend wrote in the September 26 issue of the influential business
weekly
The proposed state constitutional amendment on the budget is a
“perfidious power grab by the most dysfunctional legislature
in the nation,” Assemblyman Patrick Manning (R-Dutchess County)
told business leaders gathered at The Business Councils Annual Meeting
last week in Bolton Landing