So our state tax law, when it comes to corporations, it pertains to any corporation that does business here, not that is headquartered here. And If New York State was a country, we'd have the 10th largest GDP in the world. No business is going to seize its operations in a state because of a marginal increase in their tax rate when they know that this market that they are already doing businesses is already one of the most thriving across the world. (04:49–04:53)
CLAIM
Asserts that New York State would have the 10th largest GDP globally if it were a country.
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