Category: Commentary

Mayor Michael Bloomberg warned last week that if New York City fails to control unsustainable employee compensation costs, it could find itself trapped in the same "downward cycle" as bankrupt Detroit... Read More

New York's mayoral candidates have paid surprisingly little attention to one issue that really sets the Big Apple apart: an extraordinarily heavy tax burden. No other big city in the country imposes such a broad array of taxes at such high levels, piling its own levies on top of those collected by Albany. For example, corporations pay a combined rate of 17.5 percent on net income allocated to New York City, roughly double the average in most of the country. At the same time, the city's property tax is engineered to fall most heavily on commercial property and apartment buildings -- contributing to sky-high rents in both categories... Read More

Among the things New Yorkers will really need over the next four years is a city controller who’s willing to be a forceful and effective watchdog and advocate for taxpayers. Unfortunately, personal peccadilloes aside, Eliot Spitzer’s record as governor of New York raises serious questions of his suitability for this particular job. Read More

Amid the generally sunny reviews surrounding this year's session of the New York state Legislature, there was little for taxpayers to applaud--and plenty to be concerned about for the future. Read More

Saddled with yet another high-priced mandate from Albany, Mayor Giuliani and the City Council are rethinking their tax-cutting agenda. But curtailing tax cuts now would represent a step backward from policies that have contributed to the city's strongest private-sector employment growth in a half century. Read More

AL Gore: $500 billion in tax cuts. George W. Bush: $1.3 trillion. Hillary Clinton: $496 billion. Rick Lazio: $776 billion to more than $1 trillion, depending on whom you believe and how you count. Read More

Here's a conundrum: New York metro-region voters, who stand to lose the most if Al Gore becomes president, are among those most eager for the vice president to step into the top job. Gore enjoys some of his strongest support in New York, New Jersey and Connecticut. Read More

Both Rick Lazio and Hillary Clinton have made a special effort to paint themselves as tax cutters--but they're not equally deserving of the title. Read More