WTC Records Folder 0123 Clippings label, Sept 2001

NYC 9/11 Public Portal Document OCT-09-2001 16:22 NYC LEG OFFICE 212 566 0925 P.03iO4

Letter to Governor Pataki Page Two of Three October 1, 2001

throughout these endurance, and generosity retailer for their patience, trying times. radi +on 1' o +da sh n our proposal: ~k ff he nc i w or' Sr= e row rh f TP w k "or al `eMs volri in N e~ o, " cur enr_J aoo L rere and loca sales taxes why this circumstances, there are many reasons Given the current sense. broad investment makes so much form state government -- in the • Consumers need a signal from holiday shopping at the start of the of a sales tax-free week season -- that now is an appropriateboost time the to shop potential for This would stores enthusiastically • the for the subsequent weeks of tax collection forecasts achievable. be more realistic and holiday shopping season to propose catalyst such as that which we without a targeted most critical season - clearly the • today, the holiday sales assuredly a calendar - is almost period in the retail in December 2001 will disappointment. A bad retail season attitude well into unquestionably carry a doom-and-gloom' lost revenues will soon 2002. And, depressed sales and closures, for translate into losses and business products welsell y who make the retailers, but a~ o for those have conditions, retailers already • Again, under current holidaysshopping downgraded their expectations for ales tax ar revenue rendering current or pre-existing at best. And, absent expectations for the period theoretical propose, resultant payroll assistance such as that which we claims for substantial, and new tax losses will be from who uld unemployment insurance can b expected shopping season a nd holiday otherwise be employed during the beyond. cannot produce products and • Manufacturers of consumer goods pipeline clogs due employ workers if the retail po_ diminishe d to consumer demand. This proposal would open that visitors to New shoppers - and dramatic way which New York they will respond appreciate and to which York - will surely enthusiastically. smade manifest. The retail store is where consumer cofden e and The delivery between retail store is the primary point ofparticularly in New York City - the consumers. And in New York State - out-of-town visitors factors that lures retail store is one of the keyparticipate in the economy in a meaningful to and excites local residents and necessary way.

NYC-WTC 000137072