New Jersey only has a state corporate tax. New York has a state corporate tax, corporate tax and a city corporate tax and an MTA tax as well. So His proposal would actually double New York's rate compared to New Jersey. Roughly 11% to 24%. Do you think that corporations can swim across the Hudson? Because they're going to try. And his program would require all city funding because his state funding proposal would never materialize. (1:26:23–1:26:34)
CLAIM
Asserts that a proposal would double New York's corporate tax rate compared to New Jersey.
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