This is what happens when liberals get in control of government.
Congressional plans to fund a massive health-care overhaul could have a job-killing effect on New York, creating a tax rate of nearly 60 percent for the state’s top earners and possibly pressuring small-business owners to shed workers.
New York’s top income bracket could reach as high as 57 percent — rates not seen in three decades — to pay for the massive health coverage proposed by House Democrats this week.
So in an economy that is still trying to recover from a recession, they’re hoping to raise taxes to 57% in order to pay for their sacred healthcare plan, failing to understand that the multitudes of millionaires who live in New York will eventually depart for greener pastures, laying off workers in the process.
Does that sound good for the economy?
Also, while I’m here…