Back on Jan. 19, Governor Cuomo presented an Executive Budget calling for a temporary $1.5 billion personal income tax increase targeted at New York’s highest earners.
The left-leaning Democratic supermajorities in the state Assembly and Senate countered with proposals for an eye-popping array of $7 billion in tax hikes, mostly targeted at high earners.
The only question left was how far the once-domineering, now politically damaged governor would go to make a deal.
We now know the answer: pretty far.
Read the full piece here.
About the Author
You may also like
A Forced March to Electrification for New York?
The New York State Assembly adopted a bill requiring all new passenger cars and trucks sold in the state be “zero-emissions” by 2035. If electric cars are the future...New York had better get ready. Read More
The addiction Cuomo can’t quit: The governor keeps giving the state’s hospitals what they want
The lobbying powerhouse behind two of Gov. Cuomo’s nastiest scandals is back with another big request from Albany. Read More
New York Needs to Release Its Covid Data
Albany has kept New Yorkers in the dark for months about Covid-related deaths in nursing homes, and someone finally needs to pull back the curtain and let the sun shine in. The necessary reckoning should start with a bold exercise in transparent governmen Read More
Democrats’ bid to turn screws on New York’s richest
Just a year after the Empire State was clobbered by the coronavirus, New York’s Legislature confronts an embarrassment of revenue riches. Read More
NY officials covered up more than just nursing-home deaths
Gov. Cuomo’s coverup of nursing-home deaths revealed the stunning lengths to which he and his staff go to keep damning information from the public. But few New Yorkers may realize that such behavior is actually standard operating procedure throughout mu Read More
Will Cuomo Crisis Open Door to Fiscal Madness?
Gov. Andrew Cuomo’s political meltdown couldn’t have happened at a more critical time in New York state’s budget process. Read More
It was like pulling teeth: On Tish James’ nursing home report and Gov. Cuomo playing games with the truth
The most shocking thing about state Attorney General Letitia James’ report on the coronavirus pandemic in New York nursing homes is what it did not contain: a definitive count of how many thousands of residents have died of COVID. Apparently, not even the highest-ranking legal official in the state was able to pry that elusive number out of the Cuomo administration’s clutches. Read More
Vast public-construction plans come at a huge price for NY
"These are not ordinary times,” Gov. Andrew Cuomo intoned Thursday as he began a State of the State follow-up speech devoted to New York’s infrastructure needs — without accounting for the fact that Empire State infrastructure spending is uniquely prone to boondoggle. Read More
Enjoying our work? Sign up for email alerts on our latest news and research.
Together, we can make New York a better place to live and work!