New York is probably less affected than most states by today’s U.S. Supreme Court decision. The court effectively has said that almost all of Affordable Care Act (ACA) passes constitutional muster. This means the entire country can now experience the effects of the sort of regulatory policies (such as guaranteed issue, community rating and mandated coverages) that have done much to make health insurance so costly here... Read More
Month: August 2012
New York ranks 50th — meaning “worst” — in the Tax Foundation’s 2013 State Business Tax Index, released today. The Empire State’s ranking tumbled back to last place after climbing all the way up to number 48 in the 2011 Index. Read More
The combined state and local tax burden on New York residents in 2010, the year before Governor Andrew Cuomo took office, reached its highest level since 1994, the last year his father held the same office, as measured by data released today by the Tax Foundation... Read More
Wall Street, the goose that laid golden eggs for New York’s public sector for more than 25 years before the Great Recession, is “still working through the fallout from the financial crisis,” as Comptroller Thomas DiNapoli reported earlier this week... Read More
Nicole Gelinas — Manhattan Institute senior fellow, City Journal contributing editor and frequent blogger here — wrote a tough column in the New York Post yesterday, criticizing Governor Cuomo’s nomination of former Governor David Paterson for appointment to an open seat on the Metropolitan Transportation Authority (MTA) board. The choice, Nicole said, was tantamount to “business-as-usual New York" ... Read More
Assembly Speaker Sheldon Silver may seek a pay hike for members of the New York State Legislature before the year is out, today’s New York Post reports. New York part-time lawmakers now make a base salary of $79,500 a year, plus $171 for every day in Albany and added stipends for leadership positions and committee chairmanships. Read More
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