Host, David R. Jones, President of the Community Service Society of New York, discusses raising taxes in New York City with Edmund McMahon, Senior Fellow at the Center for Civic Innovation at the Manhattan Institute, and James Parrott, Deputy Director and Chief Economist of the Fiscal Policy Institute. McMahon and Parrott describe New York City's budget deficit, Mayor Bloomberg's proposed spending cuts, how to balance NYC's budget and the risk of driving out businesses in NYC as a result of raising city taxes.
