Op-ed: New York’s business community deserves a debate in NY-12
By Caroline Shinkle
October 26, 2026 11:00 AM EDT
New York City is facing a fiscal crisis. Private-sector job growth has slowed significantly this year. The state comptroller projects budget gaps of around $9 billion annually by the end of the decade. And the mayor's solution? Raise taxes on businesses and residents.
However, as the political landscape shifts, there's an opportunity for a different approach. Scholarship tax credits, for instance, have proven to be a boon for New York students, fostering a sense of belonging and supporting education. This is just one example of how a balanced approach to fiscal policy can benefit the city.
Brooklyn's small businesses, a vital part of the city's tapestry, cannot wait any longer for affordable child care solutions. They need tangible support to thrive. Extell's recent purchase of air rights for a supersized Fifth Avenue tower and Dolce & Gabbana's lease of their new headquarters are signs of a bustling city, but these developments should not overshadow the needs of the business community that keeps New York running.
NY-12's congressional candidates, Micah Lasher and Caroline Shinkle, are navigating a complex political labyrinth. Their campaign promises highlight the need for a more nuanced approach to New York's fiscal challenges, one that includes meaningful dialogue with the city's business leaders.
In conclusion, the business community deserves a seat at the table when discussing New York's economic future. A testament to this is the growing interest in Scaffold Law reform and the surge in AI startups, reflecting a city that is ready to dive into new possibilities and revolutionize its economic landscape.