We wouldn't be at the same level as New Jersey. As New Jersey under his proposal, we'd be almost double. So, yes, sounds good. He says 11.5% is theirs. 11.5% would be new York's. Yeah. We already have a city income tax, which he is, on corporations, which he's not counting. So it would be higher than New Jersey. And it is an impossibility that a state legislature would raise statewide corporate taxes dedicated only to New York City. My father used to say we need ideas that are good and sound. (19:21–19:29)
CLAIM
Asserts that New York already has a city income tax on corporations, making the total tax higher than New Jersey's.
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