Only problem is it won't be the same. The Jersey corporate rate is eleven and a half. The assemblyman says, well then we should make New York State eleven and a half. New York State is now 7.25. Raise that to eleven and a half. Yes, but what he leaves out is New York City has corporate taxes on top of the state corporate tax. (15:02–15:05)
CLAIM
Asserts that New York State's corporate tax rate is currently 7.25%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
