Making the tax cap permanent and forging ahead with the personal income tax cuts are essential steps for minimizing the negatives and maximizing the positives of the new federal tax law. Read More
Category: Testimony
Lawmakers should make reforms to New York's Health Care Reform Act taxes and fees instead of renewing them virtually unchanged, Bill Hammond testified. Read More
Lawmakers should allow the state's surcharge on high incomes to expire because of its volatility as a revenue source and its impact on the state's competitiveness, E.J. McMahon, the Empire Center's research director, testified. Read More
"It’s time to more closely scrutinize the entire overblown premise of New York State’s economic development programs." Read More
Lawmakers should reject the Thruway toll gimmicks in the budget, and should repair the 'cliff' in the state's estate tax, Empire Center president E.J. McMahon testified. Read More
E.J. McMahon, president of the Empire Center, testified before the Senate Labor Committee on the impact of Gov. Andrew Cuomo's proposal to impose a $15 statewide minimum wage. Read More
Changes made last year to the Corporation Franchise Tax and Estate Tax codes will help make New York a more attractive and competitive place to live, work and do business. However, there remains much to do. Read More
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