Source: www.humanevents.com - Wednesday, December 31, 2014
The U.S. Census Bureau announced last week that New York slipped to fourth place in population among the 50 states. Though babies still are born every day in my home state and immigrants still flock here, overall population growth lags because New Yorkers are abandoning the state. Don’t blame the weather. Blustery Montana and North Dakota are not having this problem. New Yorkers are escaping high taxes and dismal job growth. High-tax states Illinois and New Jersey, which has the second-highest tax burden in the country, are also losing residents. Families are uprooting and moving to places with lower taxes, more growth and fossil fuel-friendly policies. In the November elections, voters in Illinois expelled their high-tax incumbent governor, Democrat Pat Quinn, while voters in Massachusetts and Maryland rebuked tax-and-spend Democrats by putting their gubernatorial seats in Republican hands. Not so in New York, where incumbent Democrat Andrew Cuomo easily won a second term against his Republican challenger, Rob Astorino. Cuomo has made tweaks in the state’s tax policies by lowering the corporate income tax rate from 7.1 percent to 6.5 percent, exempting more assets from the death tax and temporarily capping annual increases in property taxes. None of these minor changes has moved the economic needle. According to the latest New York State Labor Department data, job growth in New York is half the national average. Astorino put forw
from Top News on RSS Feeds http://humanevents.com/2014/12/31/taxes-destroy/
The U.S. Census Bureau announced last week that New York slipped to fourth place in population among the 50 states. Though babies still are born every day in my home state and immigrants still flock here, overall population growth lags because New Yorkers are abandoning the state. Don’t blame the weather. Blustery Montana and North Dakota are not having this problem. New Yorkers are escaping high taxes and dismal job growth. High-tax states Illinois and New Jersey, which has the second-highest tax burden in the country, are also losing residents. Families are uprooting and moving to places with lower taxes, more growth and fossil fuel-friendly policies. In the November elections, voters in Illinois expelled their high-tax incumbent governor, Democrat Pat Quinn, while voters in Massachusetts and Maryland rebuked tax-and-spend Democrats by putting their gubernatorial seats in Republican hands. Not so in New York, where incumbent Democrat Andrew Cuomo easily won a second term against his Republican challenger, Rob Astorino. Cuomo has made tweaks in the state’s tax policies by lowering the corporate income tax rate from 7.1 percent to 6.5 percent, exempting more assets from the death tax and temporarily capping annual increases in property taxes. None of these minor changes has moved the economic needle. According to the latest New York State Labor Department data, job growth in New York is half the national average. Astorino put forw
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from Top News on RSS Feeds http://humanevents.com/2014/12/31/taxes-destroy/
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