Paladino: Cut Taxes To Spur Private Sector Job Growth

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New York Republican gubernatorial candidate Carl Paladino - New York, NY - Sep 27, 2010 - AP Photo/Mark Lennihan

New York Republican gubernatorial candidate Carl Paladino (credit: AP)

ALBANY, N.Y. (AP) — Republican candidate for governor Carl Paladino said he’ll work to repeal the capital gains tax and cut corporate franchise taxes, actions he said will lead to more private sector jobs.

Paladino released his plan Monday to cut taxes that he said were drowning businesses, stifling expansion and dragging out the recession.

He also called again for a debate on economic issues with Democratic nominee Andrew Cuomo, but none are scheduled.

Cuomo was set to discuss his jobs proposal Monday on Long Island.

Paladino said the state must stop relying on government economic development programs to create jobs. Instead, he says the state must remove the taxes and regulations that inhibit entrepreneurs.

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