What he is failing to acknowledge is that there are already many other city and state taxes that, in fact, If [Whitney Tilson's opponent's] plan were implemented, [it] would result in New York City businesses paying double the tax rate of New Jersey, triple that of Connecticut, five times that of Florida. which would lead to an exodus of businesses and jobs and crush our city. But even more preposterous is that this all has to go Through Albany. (01:27–07:54)
CLAIM
Asserts that the opponent's tax plan would significantly increase tax rates for New York City businesses compared to other states.
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