New York City businesses are reportedly angry, according to the New York Post, over Gov. Kathy Hochul’s plan to increase payroll taxes to pay for the New York Metropolitan Transportation Authority’s $68 billion capital plan.
The Post reported that the tax hike could cause big companies to leave the state.
Owner of the Gristedes and D’Agostino’s grocery chains, John Catsimatidis, told the paper, “The exit from New York state will be greater. It will lead to fewer investments from business people in New York. Things will be run tighter, possibly with fewer raises,” he said, adding, “Will there be fewer hires? Absolutely!”
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