Tags: GOP's | New | York | Convention | Could | Backfire

GOP's New York Convention Could Backfire

Wednesday, 11 June 2003 12:00 AM

Recent state and city tax increases have put two of New York’s most respected Republicans at odds with the party's national economic program.

New York City Mayor Michael Bloomberg is suffering with his lowest approval rating since taking office two years ago, after he joined with upstate legislators to force through massive tax increases over Gov. George Pataki's veto.

Despite his opposition to the plan, voters are blaming Pataki for not being able to stop the runaway tax train, leaving him with approval numbers not much higher than Bloomberg's.

Experts say the punishing levies could crush the already shaky New York economy and send employers fleeing for their economic lives. Why would a small business stay in New York with a tax rate triple that of New Jersey or Florida?

What's more, economists expect the job-killing taxes to take their toll on consumer spending, forcing New York shoppers to spend their diminished take-home pay in the malls of neighboring Connecticut and New Jersey.

Will the Bush tax cut program provide enough of a rising tide to lift Bloomberg and Pataki's boats in time for the GOP Sept. 2004 Manhattan convention? If not, New York City's famously liberal news scribes are sure to have a field day pointing out the contrast.

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Recent state and city tax increases have put two of New York's most respected Republicans at odds with the party's national economic program. New York City Mayor Michael Bloomberg is suffering with his lowest approval rating since taking office two years ago, after he...
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Wednesday, 11 June 2003 12:00 AM
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