About: http://data.cimple.eu/news-article/16a8fb185b09747fe4321d4b6a8f8f86c62589f92280986b1c675967

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About: http://data.cimple.eu/news-article/16a8fb185b09747fe4321d4b6a8f8f86c62589f92280986b1c675967 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Top New York business leaders on Tuesday urged state leaders to drop proposed state tax increases, arguing the hikes would derail the Big Apple's recovery from Covid-19. The Partnership for New York City released a letter from 250 executives, including heavy hitters such as JPMorgan Chase Chief Executive Jamie Dimon and Pfizer CEO Albert Bourla that said tax increases contemplated in state capital Albany would drive away businesses and talent from New York City. The group said the recent passage of President Joe Biden's $1.9 trillion fiscal package included enough funding for New York to avert the need for local taxes, which could mar the city's chances to "reassamble the deep and diverse talent pool that makes New York the greatest city in the world," the letter said. "For better or worse, the pandemic has demonstrated that our workforce is more mobile than we ever imagined," said the letter to New York Governor Andrew Cuomo, Senate Leader Andrea Stewart-Cousins and House Speaker Carl Heastie. "Many members of our workforce have resettled their families in other locations, generally with far lower taxes than New York, and the proposed tax increases will make it harder to get them to return." Stewart-Counsils and Heastie have backed legislation that would pump more than $200 billion funds into New York programs to support small businesses, arts revitalization and rent relief. The plan envisions tax hikes on wealthier New Yorkers, as well as tax surcharges on capital gains and corporate franchises. These tax increases go beyond those proposed by Cuomo, who has been politically weakened in recent weeks following accusations of sexual harassment and inappropriate touching and allegations the governor engaged in a cover-up of nursing home deaths from Covid-19. Other signers of the letter included BlackRock Chief Executive Larry Fink, ViacomCBS Chief Executive Robert Bakish, JetBlue Chief Executive Robin Hayes, Citi Chief Executive Jane Fraser and Goldman Sachs Chief Executive David Solomon. jmb/cs
schema:headline	CEOs warn NY tax hikes could derail Big Apple recovery
schema:mentions	Avert (HIV and AIDS organisation) JPMorgan Chase Capital gains tax Goldman Sachs JetBlue BlackRock Nursing Sexual harassment Andrew Cuomo Speaker of the United States House of Representatives United States Senate City Chief executive officer New York City Pandemic Pfizer Joe Biden President of the United States Coronavirus disease 2019 Andrea Stewart-Cousins Robert Bakish Robin Hayes Carl Heastie Heavy Hitters Laurence D. Fink ViacomCBS Jane Frazier David M. Solomon Jamie Dimon Roman Catholic Diocese of Albany Governor of New York
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	94 (xsd:integer)

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