Kathryn Wylde, NYC power broker, announces retirement

New York City power-broker Kathryn Wylde, who in 2017 urged local Dems to stop bashing and work with President Donald Trump, announced Thursday that she will retire after more than four decades with the Partnership for New York.Wylde — who joined the pro-business lobby group in 1982 and became CEO of the non-profit in 2011 — has been a vocal advocate for cutting red tape to encourage investment in the Big Apple during both Democratic and Republican administrations.But before riding off into retirement, Wylde warned about curtailing workarounds to the SALT cap such as pass-through entity taxes, known as PTET, that will force companies and big earners to hand over billions more in deductions to state coffers.Amending the PTET loophole was buried in the Trump-backed legislative bill — as The Post reported this week — that was passed by the House earlier in the day.“New York is a very high tax state right now, and depending on what happens with the federal tax bill, things could get worse.In the congressional bill, it talks about the elimination of the state and local tax deductibility on partnerships and LLCs, which would be terrible for New York,” Wylde told The Post.“The professional services sector is our second-largest employer after healthcare.

It’s certainly our largest private sector employer, and this is a direct hit at professional services, law firms, accounting firms, consulting firms, technology companies.”The Partnership of New York represents some 350 corporate titans that include banks, law firms and major corporations.The Wisconsin native said that she will leave her post next June once a 12-month recruitment process has been completed by top New York headhunting firm Heidrick & Struggles.“I’m 79 going on 80.So it’s time to pass the baton to the next generation,” Wylde said.

“They want somebody who loves New York City and who understands both the public and private size of the city’s power structure.”Wylde, whose h...