Governor Cuomo’s 2014-15 Executive Budget would devote more resources to initiatives described as “tax cuts” than any state budget we’ve seen in quite a few years. This in itself is an encouraging sign of the recognition that New York needs to do more to shed its reputation as a high-cost, high-tax state. Read More
The Great Recession and its aftermath have brought obvious, ongoing strains to finances at every level of government. What we have been experiencing for the past five years is something new and unprecedented in the post-World War II era: a prolonged period of slow growth with pronounced disinflationary tendencies. Read More
This committee has chosen an opportune moment to review New York’s state tax code and consider reform options. Wall Street, the state’s cash cow for 20 years, is now retrenching. And in an era of slower economic growth, many businesses will be less willing to shoulder costs they can avoid by moving elsewhere. Needless to say, by various measures, most states can offer a lower-cost environment than New York. Read More
Good afternoon, Chairman Weprin, and thank you for this opportunity to testify before your subcommittee today. My name is Edmund J. McMahon, and I am senior fellow for tax and budgetary studies at the Manhattan Institute for Policy Research. The M Read More
Good morning, Senator Krueger, and thank you for this opportunity to testify before your task force today. Read More
Good morning, Senator Velella, and thank you for this opportunity to speak before your committee today. My name is Edmund J. McMahon, and I am senior fellow for tax and b Read More
Thank you, Council Member Yassky. My name is Edmund J. McMahon, and I am senior fellow for tax and budgetary studies at the Center for Civic Innovation of th Read More
Good morning, Senator Leibell, and thank you for this opportunity to testify today. My name is Edmund J. McMahon, and I am senior fellow for tax and budgetary studies at the Manhattan Institute for Policy Research Read More