Both houses of the legislature had considered enacting a state income tax, but the proposal failed.

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Twenty years ago, New Jerseys highest court bludgeoned its state legislature into enacting an unpopular statewide income tax.

FORBES: Fact and Comment

The solution: removing deadening federal and state regulations on Medical Savings Accounts and enacting other free-market reforms.

FORBES: Fact and Comment

"Cuomo picked up far more support here in New York state than he lost by leading the charge and enacting a gun control package, " said Gyory.

WSJ: Analysis: In liberal NY, conservatives fight back

However, by placing unnecessary limits on the ability of state securities regulators to protect retail investors from the risks associated with smaller, speculative investments, Congress risks enacting policies that, although intended to strengthen the economy, will likely have precisely the opposite effect.

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