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Miami Mayor urges Wall Street firms to leave New York for friendlier city

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foxnews.com

Miami's Republican mayor said Thursday he hopes to draw some of the big financial firms from Wall Street down to Biscayne Boulevard, as a relief from the high tax burdens and other restrictions of New York.

Mayor Francis X. Suarez told "Your World" he is already having success in talks with firms like Blackstone, Goldman Sachs and JP Morgan.

New York State continues to be near or at the top of the list when it comes to taxation and other categories that businesses take heed of, while Florida does not impose a state income tax among other benefits.

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