Media Coverage

How these states are rebelling against the GOP tax code | CNBC

Officials in New York, New Jersey, California, and Maryland are going to the mat against the White House, reworking their tax codes to ease residents’ pain from new limits to federal deductions for state, local and property taxes.

E.J McMahon, founder of the fiscally conservative Empire Center, a think tank in Albany, states that this is "the kind of thing that emerges in an ivory tower with not much thought about the practicality."

Why taxpayers could face $1.5B income-tax hit, if NY doesn’t act | USA Today

If the state Legislature and Gov. Andrew Cuomo don't act, some New Yorkers would be on the hook for another $1.5 billion in tax hikes, according to state records and experts.

E.J. McMahon, founder of the Empire Center, a fiscally conservative think tank in Albany, Cuomo has called the federal tax law "a missile aimed at the heart of New York, and he’s got his own missile aimed at the same people." [Read_more]

Lawmakers offer plans to deal with SALT “missile” | Albany Times-Union

Governor Andrew Cuomo wants to overhaul the state tax system by swapping state income for payroll taxes, which remain deductible under the new federal tax code.

E.J. McMahon, research director of the Empire Center, a fiscal watchdog group, notes that the loss of state deductibility could cost taxpayers an estimated $400 million.

Saying you want to reform the tax code? Easy. Doing it? Less so. | The New York Times

Conservative critics contend that the complexity could be frightening to corporations that might already be wary of the state’s high-tax reputation. “It’s so complicated, it would be repellent in its own right,” said E.J. McMahon, the founder of the Empire Center for Public Policy. [Read_more]

New York’s coming stealth tax hikes | New York Post Editorial

Hard up for cash, Gov. Cuomo is trying to sneak through a $1.5 billion “stealth” income-tax hike — on top of $1 billion in other tax bumps.

As Empire Center fiscal expert E.J. McMahon notes, key parts of New York’s tax law are pegged to the federal model, which changed sharply last month. Yet Cuomo isn’t calling for simple fixes in state law to protect New York taxpayers from paying more. [Read_more]

Restructuring NY’s Taxes Sounds Good. Now for the Details. | The New York Times

For Gov. Andrew M. Cuomo, the idea must seem like sweet payback for the pains inflicted on his state by the new federal tax plan: an elegant workaround whereby New York could replace its state income tax with a payroll tax and leave Washington, not Albany, on the hook for billions of dollars in lost revenue.

But like so many white-paper plans, the proposal — while still in its larval stage — is already running headlong into a barrage of practical questions about how precisely such a switcheroo might work.

“The more you think about this,” said E.J. McMahon, a conservative economist and founder of the Empire Center for Public Policy, “the more it makes your head spin.” [Read_more]