I suspect it means the Democratic Governor of NY state understands that targeted tax cuts work. Too bad the Republicans still believe cutting taxes to Billionaires tickle down. We've learned they put those tax savings into foreign banks and invest in foreign companies; obviously they do not tickle down to other Americans, otherwise the Bush tax cuts which Obama extended would have either prevented or lessened and shortened the Great Recession.
How well has it worked for Illinois? They raised taxes on everyone and then hadf to give "targeted tax breaks" to select companies so they wouldn't move out of state. In other words, bribery.
No doubt targeted tax breaks appeals to you, with government picking winners and losers and all. But in the real world the free market determines those things. In your world taxpayer end up supporting corporations that should have been left to fail.
During the Mario Cuomo regime( 16 years)NY taxed the shit out of business and there was a mass exodus to the state lines. Cuomo surmised that no business would ever leave New York. That arrogant belief that "if you're not in New York, you're nowhere, was the undoing of the State's economy and status as a leader in business.
There are areas of the State that have never recovered. That's going back nearly 30 years.
And it looks like NYC's new mayor is set to repeat the mistakes of the past, imposing high taxes on "the wealthy." If you could save $20,000/year by moving 5 miles away, wouldn't you?