Statement from NYGOP Chair Ed Cox - New York lost $1 trillion of assets under management to other states and to Governor Hochul’s low favorability ratings

 

NYGOP Chair responds to study showing New York lost $1 trillion of assets under management to other states and to Governor Hochul’s low favorability ratings

NYGOP Chair Ed Cox today released the following statement after two bombshells early this week: a comprehensive Bloomberg News study showed that New York has lost firms managing $1 trillion to states with friendlier business climates, and a Siena Poll showed that Kathy Hochul’s favorability rating is at a low of 40%.

 

“Under one-party Democrat rule in Albany and in the Big Apple, New York is a state in decline. Their tax hikes and burdensome regulations drive businesses away taking with them high-paying jobs and tax revenues. 

 

“Democrats’ failure to address our declining economy, mismanagement of their immigration crisis, failed crime policies and disastrous cannabis licensing rollout have put Governor Hochul’s favorability rating underwater. 

 

“New Yorkers deserve a government that will pave the way for job creation, prioritize sane crime policies and put an end to insane immigration policies.”