Mayoral hopeful Joe Lhota has a plan that I believe has merit for all New Yorkers.
His plan would reduce NYC’s share of the Hotel Occupancy tax from 5.875% to 5% and as such, might increase tourism. He then would eliminate the General Corporation tax for start-ups with no net income. In addition, he gradually would phase out the 4% Unincorporated Business Tax. He also plans to undertake comprehensive reviews of the Property Assessment Systems and if possible lower property taxes.
In my opinion these are truly ambitious goals that are achievable under the right leadership.
We need more job creation and an environment where business can flourish. Lhota’s plans need to be considered. As he pointed out, we don’t have a revenue problem, but a spending problem. Now that needs to be looked into. And I feel Joe Lhota is the man that can do the job.
Frederick R. Bedell
Glen Oaks Village