Pols should look at Texas
Texas Gov. Rick Perry is challenging Gov. Andrew Cuomo over which state is more business friendly.
Good. State officials must remember there are alternatives to the way the Empire State does business. If we ignore the potential benefits, and problems, of what other states are doing, we do so at our own peril.
Perry began a five-day visit to New York and Connecticut on Sunday to tell businesses why they should relocate to Texas.
Recently, Perry told the Associated Press, “The new New York sounds a lot like the old New York. Higher taxes. Stifling regulations. Bureaucrats telling you whether you can even drink a Big Gulp.”
Texas has no state corporate or income taxes. There is no state property tax. While there are local property taxes for schools, cities, counties and special districts, Texas is one of the least regulated states in the country.
While the Texas governor is touting all that Texas has to offer, New York officials are traveling the state touting Tax Free New York.
That illustrates the problem well. Instead of being able to talk about their plans to lower taxes for everyone, New York officials say certain businesses can get tax breaks if they move to specific areas, chiefly around State University of New York campuses. That hardly compares with a business-friendly climate as big as Texas.
Of course, there are critics of the way business is done in Texas. For example, some have said the West, Texas, fertilizer plant explosion and fire in February would have been prevented with better regulations. Others contend many of the jobs being created in Texas are low-wage, unskilled positions.
However, Texas has created an atmosphere that fosters investment and growth.
Hopefully, Perry’s visit will be the wakeup call New York needs to get serious about cutting taxes and government spending.
Our state politicians need to be reminded businesses, and residents, are not afraid to leave the Empire State if it puts more dollars in their pockets.