A 13% income tax would create an express airline to Florida. His proposal would not equalize corporate taxes with New Jersey as he claims. 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. (1:26:09–1:26:23)
CLAIM
Asserts differences in corporate tax structures between New Jersey and New York.
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