And we will do so in two key ways. The first is to match the state's top corporate tax rate to that of New Jersey. We are at 7.25% [corporate tax rate]. They're [New Jersey] at 11.5%. Corporations can pay it over there, they can pay it over here. And the beauty of it is that it doesn't just apply to corporations headquartered in New York City, because when you say this, people will say, well, they're going to go to Florida. (08:12–08:16)
CLAIM
Asserts that New York's corporate tax rate is 7.25%, while New Jersey's is 11.5%.
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.