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George Pataki warns that New York's high tax burden and soft-on-crime policies are driving job creators and entrepreneurs away from the state.
Former New York Governor George Pataki stated that the state is losing residents who create jobs, donate to cultural institutions, and power the economy. He noted that while New York remains the financial capital of the world for now, the state risks weakening its position as companies expand workforces to lower-tax states like Texas.
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Pataki argued that the state's tax-and-spend policies and soft-on-crime approach are pushing entrepreneurs and major donors away. He warned that continued tax increases and rising debt could lead to unsustainable debt levels. However, Pataki expressed optimism that New York remains resilient and can reverse its course by implementing the right policies.