The report — from the Empire Center for Public Policy, an Albany, N.Y.-based independent, nonpartisan, nonprofit think tank — examined the effectiveness of New York's hospital ownership laws. For-profit hospitals are not common in the state due to 1960s-era laws that generally discourage for-profit ownership and prohibit publicly traded corporations from owning hospitals, according to the report.
The Empire Center broke the news this week that the state Department of Taxation and Finance is working on an unincorporated business tax that might allow partners at law firms and investment banks and similar high-paying places to get around the federal limitation on deducting state and local taxes.
The Empire Center’s Ken Girardin notes that this borrowing forces “future taxpayers to pick up the tab for politicians to win political points today.”
New York state and Gov. Andrew Cuomo continue to pick the pockets of hard-working taxpayers.
High-tax New York has just lost one of its oldest money-management firms to low-tax Nashville, Tennessee—highlighting an ongoing shift of Wall Street jobs, and of high earners in general.
When Gov. Andrew Cuomo recently signed a bill making it harder for government workers to escape labor unions, he said it was just “the first step of the resistance.”
Translation: It wasn’t the last favor Cuomo hopes to do for New York’s powerful public-sector unions in anticipation of the coming US Supreme Court decision in Janus v. AFSCME, which could void state laws compelling government workers to pay dues-like agency fees to unions they choose not to join.
"Number one, this money is not being used to fund public priorities. Number two, it's using borrowed money and forcing future taxpayers to pick up the tab for politicians to win political points today," said Ken Girardin, policy analyst at the right-leaning Empire Center for Public Policy.
When Governor Andrew Cuomo recently signed a bill making it harder for government workers to extricate themselves from labor unions, he said it was just “the first step of the resistance.” So, what will New York’s governor and lawmakers seek to do next for their public-sector union friends?