Wednesday, April 16, 2014 - 12:02:49 PM

Local News

Print Friendly | Bookmark and Share

Established Businesses Question Tax Free NY Program

CONKLIN -- Carol Yeager, who owns Gearcor in Conklin appreciates Governor Cuomo's recognition that Upstate New York's economy needs a jump start. But she doesn't think Cuomo's Tax Free New York Proposal is the answer.

"The merit of the idea is still lost on me," said Yeager.

The Tax Free NY proposal would create tax-free zones on SUNY campuses for new businesses. Yeager has her own solution.

"Reward all of the people who have endured the overburdened tax and regulatory structure in this state by cleaning that situation up because that is a permanent solution," said Yeager.

And she's not alone.

"If the state has money to give away, give it away to everybody. Lower everybody's fees. If the taxes were fair to begin with maybe people wouldn't be leaving," said Sam Lupo, President of Sam A. Lupo and Sons.

"It almost feels like the people who have stuck it out and been here and stayed here are the ones who will pay for that program," said Yeager.

After his May 30th trip to Binghamton University to pitch the plan, Cuomo said these tax-free zones are necessary to compete with other states.

"I can tell you I spend all day on the telephone talking to businessmen trying to talk them into coming to this state and trying to talk them into not leaving this state to go to a lower-tax state," said Cuomo on May 30th at Binghamton University.

Both Yeager and Lupo question how long businesses will stay in New York once their tax breaks run out.

"Are they going to stay after their 10 years? And if the state had not created this situation where our taxes are out of control they wouldn't have to play these games where they're pitting new businesses against existing businesses," said Lupo.

"So if those people who are committed are leaving I don't see that people who aren't necessarily home-grown individuals will make the decision at the end of the 10 years to stay," said Yeager.

****In Broome County, Jason Weinstein, FOX 40 HD News****

VIEW VIDEO

View Related Articles: Binghamton, Broome County, BU, NYS or comment on this one below.

blog comments powered by Disqus


Back Back

Binghamton web design and website hosting by EFX internet  EFX internet


Additional Articles


Local Marathon Runner Talks About Boston Bombing VIEW VIDEO
On the first anniversary of the bombings at last year's Boston Marathon, Fox 40 News talked live with Emily Piza-Taylor, who ran in the Marathon last year, and heard the bombs going off. ... more

Chemung Dog Dispute VIEW VIDEO
In Chemung County, police say a man is in trouble for firing a shot during a dispute over a dog:   21 year old Naquan U. Moore, of 150 Harriet Street, Elmira became involved in an argument with... more

DUI Patrols in Susquehanna County This Weekend VIEW VIDEO
Pennsylvania State Police are warning motorists that there will be increased drunk driving patrols in Susquehanna County, this weekend:   They say that's because they are seeing a high rate of... more

New York Joins National Popular Vote Compact VIEW VIDEO
New York has joined ten other states and the District of Columbia in what's called the National Popular Vote Compact.   Under the agreement, New York would award all 29 of its electoral votes to... more

'Cirque Dreams Rocks' at the Forum VIEW VIDEO
Acrobats, contortionists, quick-change artists, singers and more! --all right here in Binghamton. That was the scene Tuesday night at the Forum in downtown Binghamton as performers put on... more

Man Charged with Homicide in Fatal Crash VIEW VIDEO
Police in Pennsylvania have made an arrest in a September crash that killed a six month old. Zachary Larue, 21, of Kingsley, PA is facing numerous charges including homicide by vehicle, three... more

Binghamton Police seize Heroin, Pot in Routine Traffic Stop VIEW VIDEO
Police in Binghamton seized heroin and five pounds of marijuana during a recent traffic stop. Members of the Community Response team arrested Anthony Zuccaro after searching his vehicle on April... more

Click here for more local news...icon

ADVERTISEMENT

ADVERTISEMENT

 A News Story

If you are looking for a copy of a news story that we recently aired, simply click here to find out how.

FOX 40 Poll


Which Social Media Site Do You Use The Most?
 
Twitter
 
Facebook
 
LinkedIn
 
MySpace
 
Other
 
None
   

Breaking News

Do you have a tip or information about a breaking news story? Contact the FOX 40 News Desk at 607.798.0070 or send us an email .

Share to Facebook Share to Twitter Stumble It More...