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?


Anonymous said...

I dunno how I feel about this. I am thinking that the homeowners are now going to have to foot the bill.....yet again for the lack of property taxes being collected! I mean I understand business is good for the economy, but is it really that good when all you have is mostly foreigners who build their own small businesses but yet hires Noone else except their own people? ....or they apply for work visas for their entire family to come to the USA to work for this so called "business"? A lot of "businesses" in Bayside don't even open...they are just store fronts for tax write offs or to apply for work visas. Notice how so many stores open but yet unemployment percentage is staying the same? Notice how much our population is increasing? Outsourcing is happening right here on our own soil...especially with big businesses.....they send the jobs overseas, then the rest of the jobs we do have here, they insist on hiring foreigners through work visas. This economy is so sad....but small business would only be helpful if people who opened the businesses would hire actual American people, but unfortunately in most cases it is not happening....especially in nyc.

Anonymous said...

Oh, I see. I start a business in Queens in 2007. Still payroll, sales, taxes on materials, etc..
A new guy starts up, a competitor. He gets these breaks and puts me out of business.
Smart guy, this Cuomo is...

Anonymous said...

Most businesses want a level playing field, but if the government offers a fat thumb on the scale in their favor, it's hard to turn it down.