The Oppenheimer Legacy: NY Most Taxing State in the Nation

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The Oppenheimer Legacy: NY Most Taxing State in the Nation

October 28, 2010 - 11:57

WHITE PLAINS – State Senate candidate Bob Cohen (R,I,C – 37th District) today cited a new study by the nonpartisan Tax Foundation that singled out New York as having the worst tax climate in the nation as further support for the need of widespread change in Albany.

“People are voting with their feet and we are witnessing the depopulation of New York State because of the reckless string of fiscally irresponsible budgets that Senator Oppenheimer has supported over 26 years in the Senate,” said Cohen. “The policies of Senator Oppenheimer and her allies in the spending lobby are destroying the state’s economy, and if this continues, more young people, more retirees, and more employers will look for opportunity elsewhere.”

According to the study New York fell to 50th in the nation in this year’s Tax Foundation rankings, down from 49th last year. New York now has a worse tax climate than California and New Jersey. View the full report here:
Kail Padgitt, a staff economist at the foundation who wrote the study, told the New York Post: “New York has a lot of things that tend to be indicative of bad tax policy.”

Cohen, who has been endorsed by the Business Council of New York State and the National Federation of Business, has pledged to reduce state spending, rein in out-of-control property taxes, and reform mandates and regulations that drive up costs to taxpayers.

“This study confirms what we already know: New York is not a friendly place for taxpayers and businesses. Here in Westchester County we pay the highest property taxes in the country, and Senator Oppenheimer has blocked efforts to cut spending and reduce taxes at every turn.”