Shocking: Business Leaders Don't Want More Taxes or Regulations!

The NY Times reports that NYC business titans--CEOs of JPMorgan Chase, Goldman Sachs, Blackrock, Blackstone, News Corp--met with state and local officials "to discuss how they and government officials should respond to the financial crisis." And not surprisingly, "all seemed to agree that now was not the time to raise taxes or impose new regulations on their businesses," lest it inhibit growth. The executives pointed out how New York's taxes turn companies off from hiring in NY and the U.S. legal system is unattractive for foreign investment (issues that have been raised over previous concern of NYC's status as #1 Financial Center of the World slipping).