As Election Day quickly approaches, Peebles Corporation CEO Don Peebles is weighing in on the economy’s impact on the election, whether he is considering a run for mayor of New York City and why tax cuts would be a priority for his administration if he does decide to run.
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With the broader economic and tax issues in the presidential race impacting the city of New York, Peebles discussed whether he would consider a mayoral run.
“I’m thinking about it. Look, every time I kind of get to a point where I say ‘I love my business, I’ve got a 22-year-old son who is working in the company and I like what I’m doing, I’ve got the best job I could possibly have,’ I see something else happen. And I see the city getting further and further at risk,” Peebles told the FOX Business Network’s Maria Bartiromo.
On whether he would cut taxes if elected mayor of NYC, Peebles responded:
“Yes, of course, because there’s no other way to sustain. This model of expanding taxes and burdening entrepreneurs and businesses with the inefficiencies of this city’s operations is not a sustainable one.”
Pebbles then laid out his timeline for making a decision on a potential NYC mayoral run.
“I’m going to make a decision after Thanksgiving and if I were going to run it will be in January when I would announce.”