{"id":206827,"date":"2026-04-23T02:07:39","date_gmt":"2026-04-23T02:07:39","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/206827\/"},"modified":"2026-04-23T02:07:39","modified_gmt":"2026-04-23T02:07:39","slug":"hochuls-stealth-business-tax-hike-proves-she-doesnt-care-about-nys-future","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/206827\/","title":{"rendered":"Hochul\u2019s stealth business-tax hike proves she doesn’t care about NY’s future"},"content":{"rendered":"

Ouch: Embracing a special NYC pied-a-terre levy turns out not to be Gov. Kathy Hochul\u2019s only violation of her \u201cno new taxes\u201d vows<\/a> \u2014 nor even the first or the biggest.<\/p>\n

Her GOP challenger, Nassau County Executive Bruce Blakeman, is calling out the gov\u2019s plan to squeeze $1.68 billion out of job-creators and innovators, by decoupling New York\u2019s tax code from the federal rules on business deductions for research and development costs. <\/p>\n

President Donald Trump\u2019s One Big Beautiful Bill Act<\/a> last year allowed an immediate deduction of R&D costs; Hochul slipped a New York opt-out into her 2027 proposed budget \u2014 and the tax-loving Legislature is sure to OK it.<\/p>\n

This doesn\u2019t just mean higher taxes for these business \u2014 directly contradicting Hochul\u2019s oft-stated claims she want a friendlier Empire State business environment \u2014 it also penalizes R&D done here, erecting a \u201cstay out of New York\u201d sign for tech companies and startups of all kinds.<\/p>\n

\t\t\tMore From\t\t\t\t\t\t\tPost Editorial Board<\/p>\n

Hochul\u2019s GOP opponent Bruce Blakeman<\/a> rightly pans the gov\u2019s anti-growth move as \u201ca new low \u2014 even for her.\u201d<\/p>\n

Consumers will see the cost of Hochul\u2019s stealth tax in higher prices for goods and services; workers of all kinds will lose employment opportunities as companies move R&D and the new jobs it creates outside the Empire State.<\/p>\n

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The gov keeps saying she wants News York to be \u201cinnovation friendly,\u201d without mentioning that the innovations she has in mind are all about quietly grabbing more cash to fund out-of-control state spending. <\/p>\n

Blakeman vows he\u2019ll put New York back on a pro-growth track by repealing this and other Democratic tax hikes. <\/p>\n

He\u2019ll have to fight the Legislature to do it, but at least he\u2019ll be fighting for a better future for New York; Hochul is ensuring future misery simply to raise cash to feed the state\u2019s insatiable political class and the special interests that control it.<\/p>\n","protected":false},"excerpt":{"rendered":"Ouch: Embracing a special NYC pied-a-terre levy turns out not to be Gov. Kathy Hochul\u2019s only violation of…\n","protected":false},"author":2,"featured_media":206828,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[4241,128,1626,15660,304,16370,426,11538,9,24,63,299,2780,129,131,130],"class_list":{"0":"post-206827","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-the-bronx","8":"tag-albany","9":"tag-bronx","10":"tag-bruce-blakeman","11":"tag-corporate-taxes","12":"tag-editorial","13":"tag-employment","14":"tag-kathy-hochul","15":"tag-legislature","16":"tag-new-york","17":"tag-new-york-city","18":"tag-nyc","19":"tag-opinion","20":"tag-taxes","21":"tag-the-bronx","22":"tag-the-bronx-headlines","23":"tag-the-bronx-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/206827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=206827"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/206827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/206828"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=206827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=206827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=206827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}