Unemployment Numbers Show Urgent Need for Tax Relief in New York
ALBANY, NY (01/21/2010)(readMedia)-- "December's unemployment rate of nine percent, matching a 26-year high, shows the urgent need for tax relief in New York," said Kenneth Adams, president and CEO of The Business Council of New York State, Inc. "As they take up the next budget the Governor and legislature must look for ways to cut spending more and lower taxes to allow the economy to create private sector jobs."
The state Department of Labor (DOL) reports that since the state went into recession in August 2008, it has lost 263,500 private sector jobs. The DOL report says that 868,600 New Yorkers are unemployed.
"To create jobs and opportunity for New Yorkers the state must reduce its crushing tax burden and allow our economy to breath," said Adams.
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