Taxes are a means to providing the services we value as a society. So, even though tax cuts may sound great in a vacuum, we must remember tax cuts mean fewer services, which are already stretched thin.
So ask yourself, which services should we cut? Funding to your child’s school? Repairs on the road or mass transit route you take to work every day? The police officers patrolling your community? Or, how about care for the disabled?
We need to start investing in New Yorkers and the services they rely on as part of our economic development strategy. Strong public services are an asset, not a detriment, to creating economic activity.
For example, more than 2,000 New York state bridges, including the Brooklyn Bridge, have been deemed structurally deficient and in dire need of repairs by the federal government. This is worse than any other state. The state must build, rebuild, and repair our state’s crumbling infrastructure. In addition to the ensuring safe transportation, this will create good jobs in the short-term construction, but also in the long-term by providing a key resource that all businesses rely on – the reliable movement of goods and services.
Quality education and higher education are other examples. Both are crucial to attracting and keeping New Yorkers here, and in developing the next generation of productive workers. When we cut resources to our children, we are diminishing our own economic capacity for years to come.