The push for a higher tax on New Yorkers making more than $1 million a year is getting fresh life with a new poll showing overwhelming support, a high-profile rally on Monday and the strengthening Occupy Wall Street protest in New York City.
The Siena College poll found 72 percent of New York voters support the tax to avoid further budget cuts. Just 26 percent oppose the proposal by powerful Assembly Speaker Sheldon Silver.
Also Monday, the union-backed “99 New York” rally supported extending the current so-called “millionaire’s tax” on New Yorkers with incomes over $200,000. It’s due to expire Dec. 31.
Standing in the way of renewing the current surcharge on the wealthy and Silver’s millionaire tax plan are Democratic Gov. Andrew Cuomo and his fiscal ally, the Republican majority of the Senate. Cuomo says taxing wealthier New Yorkers at higher levels would likely send the rich to Connecticut and New Jersey, taking their income tax revenue and jobs with them.
The GOP Senate promised fiscal restraint and no new or higher taxes when it regained the power and perks of the chamber’s majority in elections two years ago. Republican senators face the next challenge to their power next year in a state where Democrats hold nearly a 2-to-1 enrollment advantage.
But now, tax revenues are running behind projections, a $2 billion deficit looms, and schools and hospitals are howling after two years of flat state budgets capped by an overall cut in spending in April. And the public opinion polls and Occupy Wall Street protest are drawing attention to public unrest….
“The biggest problem for the state is the enormous, recurring structural budget gap starting next year and into the future,” said E.J. McMahon of the conservative-leaning Empire Center. “Cuomo clearly hopes that starting in 2021, (Democratic presidential candidate Joseph) Biden and a Democratic Congress will provide states and local government a couple of year’s worth of added stimulus. Read More
Ed McKinley
ALBANY — When the New York Constitution was reorganized nearly 100 years ago to give the governor more power over the budget process, noted there was a risk of making “the governor a czar."
M Read More
Michael Gormley
ALBANY — A new study by a conservative think tank says President Donald Trump’s 2017 tax law gave most New Yorkers a tax cut, even as Gov. Andrew M. Cuomo insists on repealing the measure because he says it will cost New Yo Read More
Johan Sheridan
ALBANY, N.Y. () — The Empire Center filed a against the state Department of Health on Friday.
“This case isn’t about assigning blame or embarrassing political leaders,” said Bill Hammond, the Empire Center’s Read More
The Empire Center first reported Tuesday that grants — 226 of them, totaling $46 million, to recipients selected by the governor and individual state lawmakers — seemed to still be going ahead. Read More
With lingering questions about how the novel coronavirus killed thousands of New Yorkers who lived in nursing homes, a group of state lawmakers is pushing to create an independent commission to get answers from the state Department of Health. Read More
“The importance of discussing this and getting the true facts out is to understand what did and didn’t happen so we can learn from it in case this happens again,” Hammond said. Read More
No doubt, the Health Department and the governor would like this report to be the final word on the subject.
But if it’s all the same with them, we’d still like a truly independent review. Read More