Sunday, December 22, 2013
Tax break proposed for new businesses
From CBS 2:
A slick new television ad makes a promise most business owners would jump at: Start-up or expand a business in New York and enjoy a 10-year exemption from property, sales and even state income taxes.
As CBS 2’s Tony Aiello reported Friday, it’s a pet project of Gov. Andrew Cuomo, but can it really live up to the hype?
“It’s one of the most expensive places in the country to do business. And that’s a problem,” Cuomo said.
Cuomo admits the problem and thinks he has part of the solution: a new ad campaign is touting his “Start-Up NY” initiative.
Why not just make it less expensive to do business here instead of spending money on an ad campaign?