Kathy Hochul
Kathy Hochul is the Democratic governor of New York, in office since 2021.
“I have a hostility toward raising taxes in New York. I've shown that I'm going to stand firm because I happen to embrace people that are successful in business here in New York because they're the ones who are creating the jobs.”
Odd Lots · Money & Markets · July 2026
Context
Asked on Odd Lots whether tech companies should pay higher taxes to fund retraining for workers displaced by AI, Hochul says they should be involved but rules out raising taxes as the route.
Transcript
…clean ride, that would like a safe ride, that would like a modern ride, a ride that potentially could reduce congestion, which I know is a thing you care about. And historically, it's like there are costs, but then you come out on the other side better. Here's what I mean. How do we get over that?
You're absolutely right. But you're looking at the societal costs as being greater at the end. I'm looking at the
…I can't have companies be successful, but leave, they can be successful, but leave everybody else behind. That's not how we do things in New York. We lift everybody up. Should tech companies have to contribute directly to, I guess, managing the labor market disruption? So, for instance, paying higher taxes to fund reskilling programs or things like that? They should be involved. You know, I have a hostility toward raising taxes in New York. I've shown that I'm going to stand firm because I happen to embrace people that are successful in business here in New York because they're the ones who are creating the jobs. They are the ones who are already driving the tax revenues that allow us to have universal child care and invest more in housing and to deal with this energy challenge we're facing. So I want to make sure that we're smart on that front. So, you know, there's a lot of ways to look at it. And I have to make sure that, again, New York is always looked at as a leader. I'm very cognizant of the fact…
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