John Thomas Financial CEO Thomas Belesis Discusses How High Taxes Drive Away Jobs in New York on "Your World With Cavuto"

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CEO Thomas Belesis is a guest on "Your World With Cavuto" on July 5, 2012 to discuss state tax burdens on businesses and how they affect employment.

John Thomas Financial

John Thomas Financial

John Thomas Financial CEO Thomas Belesis appeared as a featured guest on "Your World With Cavuto" on July 5, 2012 to discuss state tax burdens on businesses and how they affect employment. According to a recent report in the New York Times, Wall Street firms in particular are steadily moving midlevel positions to lower-tax environments.

While financial institutions like Deutsche Bank, Goldman Sachs and JP Morgan Chase have recently cut their support staff in the New York City region, their employee numbers in states like Florida, North Carolina and Utah are rising fast.

Belesis attributes the departure of finance jobs from New York to lack of confidence in the economic policies of the current administration. "Come November, as we change from an administration that is anti-business to a business-friendly administration, I think you're going to see a lot of economic activity and pent up entrepreneurial demand that's been on the sidelines," he said, expressing faith in a Romney win.

Mr. Belesis appears regularly on broadcast media, including FOX Business News and CNBC, as a panelist and contributing guest on issues regarding finance and the economy as well as national politics. He serves as the Co-Chairman of the New York State Finance Committee for the Republican Party. To view clips of Mr. Belesis' appearances on programs such as Bulls & Bears, The Kudlow Report, After the Bell and more, visit the John Thomas Financial YouTube channel.

For timely insights, news, and commentary on economics and financial markets, visit the JTF Blog or join the John Thomas Financial community on Twitter and Facebook.

About John Thomas Financial
John Thomas Financial, a member of FINRA and SIPC, is an independent broker-dealer and investment banking firm headquartered in New York City's Wall Street district. Emphasizing a client-centric approach to managing all aspects of its business, John Thomas Financial and its affiliates offer a full complement of retail brokerage, private wealth management, and corporate advisory services tailored to the unique needs of its clients. The firm publishes the Fiscal Liquidity Index, a unique daily indicator that looks at government spending and its impact on the financial markets, as well as The John Thomas Financial Economic Outlook, a report analyzing consumer sentiment, market outlook, credit cycles and dozens of other market influences.

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