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Business Leaders Warn Tax-the-Rich Bills Will Leave New York Poorer. But Don’t Call it a Threat to Pull Up Stakes.
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Hiram Alejandro Durán/THE CITY
The city’s big-business leaders say they find themselves caught between a rock and a hard place.
The rock is the suggestion from leaders in Albany that the only way to stem momentum for an income tax increase on the wealthy is for the city’s leading CEOs to go public with threats to move thousands of jobs. CEOs see this as impossible: It would anger their employees and might set off the very exodus they are seeking to avoid.