Summers Says New York’s Millionaire Tax Could Set Off ‘Downward Spiral’

Bloomberg Markets and Finance published this video item, entitled “Summers Says New York’s Millionaire Tax Could Set Off ‘Downward Spiral'” – below is their description.

Apr.09 — Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor, says New York’s millionaire tax may backfire and hurt the economy. He says the state and New York City need greater federal deductibility. He appears with David Westin on “Wall Street Week.”

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