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Cuomo's 'Tax-Free' Plan for NY Is Not So Tax-Free

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Cuomo's 'Tax-Free' Plan for NY Is Not So Tax-Free

"Don't expect these zones to achieve much," said Iain Murray, vice president for strategy and a financial and trade expert at the Competitive Enterprise Institute in Washington.

"There will be some businesses for whom margins are tight enough to allow them to start up with the tax relief rather than without it, but nowhere near the number if government really did get out of the way and allow real regulatory relief for them," Murray told Newsmax.