Source: Town Hall
by Betsy McCaughey
“Across the nation, states are fiercely competing for companies and population by slashing taxes. New York Gov. Kathy Hochul is dooming her state to be the loser. In 2026, eight states are cutting their income taxes, and four others are reducing corporate tax rates. South Carolina is pushing ahead on legislation to phase out its income tax entirely over the next few years, joining nine other income-tax-free states. That’s bad news for New York. Saddled with a spendaholic governor and state legislature, New York is becoming increasingly unattractive to newcomers and businesses alike. On Tuesday, Hochul unveiled a record-breaking $260 billion state budget — two and a half times the size of Florida’s, despite Florida’s larger population.” (01/21/25)