Report of the Joint Legislative Committee on Taxation of the State of New York [And Minority Report ]

Report of the Joint Legislative Committee on Taxation of the State of New York [And Minority Report ]

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 edition. Excerpt: ... and it has not been thought wise by the trunk line people to permit that to be done. Now, that illustrates the situation New York has as to its natural advantages for manufacturing, etc." In regard to labor facilities, it is sufficient to state that New York enjoys the greatest labor market in America. Mention should be made of the important advantages which have come to the manufacturing industries of the State through the large expenditures of New York in recent years for development of barge canals. For this purpose the State has and is now expending millions of dollars. The importance of these improvements to the manufacturing industry can hardly be overestimated. Indeed, when measures providing for these expenditures were put before the people for ratification, the chief argument advanced at the time was that the construction of these canals would cover the State with manufacturing towns and cities. A study of the distribution of the important manufacturing cities and of the growth of these cities since these improvements have been made bear out this contention. In view of the advantages stated aboye, there appears no reasonable doubt that the manufacturing industry of the State could bear a considerable increase in its burden of taxation without driving capital from the State and with no fear of deterring new capital from entering the State. In this connection it should be noted that in many recent consolidations the larger corporations have shut down their plants located in other states and are now building new plants in New York State. The importance of the manufacturing industry as compared with that of other great industries in New York is so great that an increase in taxation of this industry at a very low rate would...show more

Product details

  • Paperback | 90 pages
  • 189 x 246 x 5mm | 177g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236934466
  • 9781236934468