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Andrew Cuomo: “The tax in corporate tax in Jersey is 11%. Corporate tax in…”

Featuring: Andrew Cuomo, Democratic | Former Governor of New York

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Andrew Cuomo & David Paterson LIVE in studio — The Future of New York City | Hour 1

Published | Video Starts at 16:15

100%. 100%. How about this one? How do you finance all these things, Zoran? Well, The tax in corporate tax in Jersey is 11%. Corporate tax in New York is only 7%. We're going to raise the corporate tax in New York to meet Jersey, and that will bring us revenue. Okay. And also send a number of employees and managers of the corporation to Jersey. (16:15–16:27)

CLAIM

Asserts that New Jersey's corporate tax rate is 11% while New York's is 7%.

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.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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