Sen. Kirsten Gillibrand, D-NY, is determined to convince Americans that the Bush-era tax rates have directly resulted in job losses for New Yorkers. To that end, she recently published a series of bullet points purporting to show the effect of those tax rates on employment in nine regions of New York State. Her unspoken premise is that the economic benefits of the Bush tax rates should be judged based on the employment they did or did not produce. More generally, Gillibrand is assuming that the economic trends that follow a …
While Frank Sinatra wanted to wake up in a city that doesn’t sleep, today’s New Yorkers are looking to live in states where taxes aren’t so steep. New York, whose state and local taxes are among the highest in the nation, is bleeding residents due in large part to the state’s extraordinarily high tax rate. According to a new study by The Empire Center for New York State Policy: From 2000 to 2008, in both absolute and relative terms, New York experienced the nation’s largest loss of residents to other …
