Magazine article Management Review

Read My Lips versus Who's Gonna Pay?

Magazine article Management Review

Read My Lips versus Who's Gonna Pay?

Article excerpt

Can we compete with Europe post 1992? According to New York's Democratic governor Mario Cuomo, much of the answer depends, in a word, on taxes. Or, to be more specific, on who raises taxes. In an address to the Council on Economic Development in New York late last year, Cuomo argued that President George Bush had passed the onus of raising taxes on to the states, even though key programs-education, the war on drugs and rebuilding the nation's infrastructure-desperately need to be bankrolled.

How does this affect our economic competitiveness? Says Cuomo, "At the same time that Europe [with EC 92] and other governments around the world are consolidating for added strength, the United States is fragmenting. By not raising taxes, the president is telling New York and New Jersey to get into a fight over income tax. He is telling Mississippi, which has a hard time raising the money it needs because many of its residents are poor, that the state is going to fall behind in education. He is sending Sam Skinner, the secretary of transportation, to lobby the states to raise taxes for rebuilding our infrastructure. …

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