Bloomberg tax plan is bad news for business

From NY1:The Council is overwhelmingly opposed to the mayor's sales tax plan, an opposition that turned to frustration after Page's response. One member even noted that Bloomberg keeps touting his job creation plan on the campaign trail."The administration should consult the campaign, because every time I turn on the television it seems that I am reminded that they know how to quantify jobs," said Councilman James Oddo.When asked about the impact of his sales tax plan on employment, the mayor, who regularly rattles off numbers from memory, couldn't offer a hard estimate."This is not good for job creation. I don't know. We have probably done some estimates," said Bloomberg.The chairman of the finance committee says Council officials estimate that 1,200 retail jobs could be lost because of the clothing tax repeal.Council members are floating their own alternatives to the sales tax increase, which would raise the rate by half a percentage point.The proposals include calls to bring back the commuter tax, raise taxes on wealthy New Yorkers, create a mortgage recording tax on co-op purchases and impose an income tax surcharge.Hey Oddo, why did your party endorse this guy again?