Gov. Andrew Cuomo said Tuesday that recent ads by Texas to lure businesses away from New York point to a major reason why the Legislature should pass his “tax-free zones” proposal.
An organization controlled by Texas Gov. Rick Perry began advertising on New York cable stations this week, touting Texas’ business climate and urging companies to consider relocating or starting their business down south. Perry himself will make a visit to New York next week to meet with business leaders in the pharmaceutical and firearms industries, according to his office.
Speaking during a news conference Tuesday, Cuomo said his plan—which would eliminate taxes for 10 years for businesses that locate and create jobs near SUNY campuses and other designated zones—is a way to get on equal footing with Texas and similar states. Texas does not have a state income tax.
“A … newspaper today says Texas is advertising in the New York market, come to Texas,” Cuomo said. “They have zero taxes. That’s what we’re competing with. Talk about a move overnight that would level the playing field, that’s the tax-free zones.”
Perry’s office on Monday announced his upcoming trip and said the television advertisements will air statewide on cable stations in New York and Connecticut. All told, the total ad buy came to $1 million, which was paid for by TexasOne, a semi-public fund that markets Texas’ economic-development efforts.
Perry, a Republican presidential hopeful last year, delivers the closing line in the ads: “Texas is calling. Your opportunity awaits.”
His administration is taking direct aim at New York, which is often derided by business groups for its high taxes and unfriendly business climate. On its website, the Texas Economic Development Division has put together an extensive series of charts comparing the two states’ tax structure.
The 2016 implications of the ad buy are hard to ignore. Perry, Cuomo and Connecticut Gov. Dannel Malloy are all frequently mentioned as potential presidential candidates.