Wednesday, October 13, 2010

New York state economy

Each candidate has a rather different approach to fix New York’s economy. Democrat Andrew Cuomo, the states attorney general says "We must make New York the jobs capital of the nation and get unemployed New Yorkers back to work". He believes that we must use a new strategy to replace New York’s ineffective economic development efforts and he believes that high costs of doing business in the state should be reduced. He also plans to give businesses 3,000 dollars in tax credit. Carl Paladino plans to cut taxes and spending by ten percent in the first six months of his administration and cut spending by a total of twenty percent in his first year. He also plans to require a super majority of 60% of both houses of the state legislature in order to raise any state taxes. Carl Paladino says "My government, when we take office, will be expected to take a pay cut and we haven’t yet defined how much that might be". I think Paladino presents a better solution to the economy. I believe this because he looks at solving the economic problems in a long run rather than solving it in a shorter term which is not what New York needs. He is very confident in his solution to the economic disaster of new York, therefore I would ultimately say that his solution is better.




posted by kamran

No comments:

Post a Comment