NYGOP Chair Ed Cox issued a statement criticizing a proposal by Assemblymember Zohran Mamdani and other Albany Democrats that would impose a 25% surcharge on businesses in New York City. Cox argued that the state already has the highest tax burden in the country, which he said contributes to outmigration and economic decline.
“New York state already leads the nation in outmigration as the most taxed state in America. As New York bleeds, states and cities with no- or low-tax, business friendly environments are booming and building. Many large financial firms – the geese that have laid the golden egg for New York’s coffers – are expanding their footprints elsewhere – and taking their jobs with them,” Cox said.
Cox also criticized Governor Kathy Hochul’s position on taxes and congestion pricing. “We know Kathy Hochul is too weak to stand up to Zohran Mamdani. She has already said that she will support raising taxes on businesses, and after her blatant post-election flip-flop on congestion pricing in 2024, any promises she makes to the contrary are not worth the air into which they are uttered,” he stated.
Kathy Hochul, who became governor of New York in 2021 as its first female governor, is a member of the Democratic Party (https://en.wikipedia.org/wiki/Kathy_Hochul).
Cox concluded his remarks by encouraging voters who oppose higher taxes to support Bruce Blakeman for governor along with Republican candidates across all levels of government. “New Yorkers who want to fight back against Mamdani and his band of radicals have a real alternative: elect Bruce Blakeman Governor and vote for our pro-growth Republican candidates at all levels of government.”
