No city in America can match New York’s broad array of taxes—more typical of a state than of a municipal government. Most New York City residents and businesses are subject to combined state and local tax rates far exceeding national norms. Such high taxes are a headwind against economic growth: they add to overhead, cut into profits, and make it costlier to employ people. Read More
If Bill de Blasio becomes New York City's first Democratic mayor in 20 years, the liberal politician would soon find himself immersed in labor talks that could saddle the city with a $7 billion bill for retroactive wage increases for municipal workers... Read More
New York imposes the nation’s heaviest big-city tax burden — which, in turn, is a major component of the Big Apple’s notoriously high cost of living. Read More
Eliot Spitzer is asking voters to forget what he did after dark and focus instead on the supposedly stellar way he handled his day job. Read More
By a variety of measures, New York is easily the nation's most heavily taxed big city. In devising a strategy for competing economically on both a global and regional basis, New York’s next mayor needs to recognize that the city can’t tax with impunity... Read More
E.J. McMahon surveys New York city’s tax burden, which has increased mightily under Mayor Bloomberg... Read More
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 top congressional Democrats have given President Bush's ambitious plan for an across-the board tax cut a chilly reception. Senator Hillary Clinton warned that it "could derail the nation's economy and give New Yorkers higher interest rates and more unemployment." Read More