Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
The Real Estate Board of New York is informed that thousands of factories are migrating to New Jersey and Connecticut in order to be freed from the oppressive laws of New York State.
[The bill] tends to retard the increase of pay rolls, because of the absorption of this amount of money for taxation purposes; it retards the increase of employment also. It is a permanent tax, with no limit, regardless of economic conditions in general or of the individual company. In other words, it may be the last straw, as I said before, that puts this company over the line into bankruptcy.
With the Environmental Protection Agency laws, we’d either have to shut down or break the law, and we aren’t going to break the law.
Industrial corporations represent the principal source of livelihood of a very large percentage of our total population. Accordingly, any legislative program which impose unreasonable hardships on manufacturing industries will react to the detriment, directly or indirectly, of every taxpayer.
