Jordan: Cuomo, You Can Name Your Econ Plan Anything You Want – It Still Won’t Deliver On Jobs

Assemblyman pushes for across-the-board tax and regulation relief to grow jobs

June 21, 2013

Assemblyman Tony Jordan (R,C,I-Jackson) is rejecting Gov. Cuomo’s economic growth plan – recently renamed Start-Up NY – and is, instead, calling for across-the-board tax and regulatory relief to jump-start job growth and economic recovery. The governor’s ill-advised plan would designate special tax-free zones for businesses that locate at specially-designated SUNY sites throughout the state. The plan gives tax breaks to businesses for 10 years and gives 10,000 employees in those zones income tax exemptions, while existing New York businesses and workers will receive no such benefits even though they will be funding the program. The Fiscal Policy Institute says the plan is bad for the economy and the state as a whole.

“Job growth and economic recovery won’t happen with gimmicky plans like this proposal by Gov. Cuomo. Revitalization must be spurred by broad-based tax and regulatory relief that helps every New York business and individual prosper,” said Jordan. “I have sponsored a number of pro-jobs initiatives to get the ball rolling, but we need to act now – New York’s economic health should be priority number one.”

Jordan has been one of the most vocal legislators on the subject of tax and regulatory relief to help get the nearly 800,000 unemployed New Yorkers back to work. He sponsors legislation that would reduce job-killing taxes, which amount to $150 million worth of job-creating tax relief. Jordan has consistently gone after onerous business regulations, saying that the removal of even 1,000 regulations would have a positive impact on the economy.

New York, in terms of business climate, has been consistently ranked poorly to, at best, mediocre by numerous business media organizations, economists and studies. New York has been ranked dead last by the Tax Foundation, second-to-last by Chief Executive Magazine, and was given mediocre rankings from CNBC and Forbes. The American Legislative Exchange Council ranked New York with the worst economic outlook and, most recently, Ball State University graded the state with an F in manufacturing climate.

“New York has been consistently ranked poorly for its business climate, scaring job creators away from our state. Passing serious tax and regulatory relief can turn this state around and foster new job growth and economic development,” concluded Jordan.

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