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 ta 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 Innovati 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 Read More
Among the many aspects of the state budget that will have an impact on the economy of New York, I’d like to focus today on an issue of overriding importance – the status of the state personal income tax. Since 1997, the top rate of our state i Read More