Gov. David Paterson has said that he will not consider raising taxes on the wealthy to help plug the state’s budget gap…
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N.Y. Grapples With Tax Conformity Issues After Federal Tax Law
E.J. McMahon, research director at the Empire Center for Public Policy, a conservative-leaning think tank, stated that the tax conformity issues raised by the federal law would be the primary focus of New York tax policy in most years. However, the state and local tax deduction (SALT deduction) issue, and the related proposals to shift the state’s reliance away from the personal income tax, has drawn the lion’s share of attention.
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Why NYers could lose under Trump tax plan
Any savings in New York, particularly in the New York City suburbs with high taxes, would be negligible compared with what other states may see, said E.J. McMahon, president of the Empire Center, a fiscally conservative group in Albany.
"This much is clear: A couple falling well within the middle class by downstate standards — people, in most cases, living paycheck-to-paycheck in modest suburban homes — will realize much smaller savings than their counterparts in lower-cost, lower-taxed states across the country," he wrote. Read More
Andrew Cuomo’s ‘middle-class’ con job
Gov. Cuomo says Democrats lost the presidential race last November because they ignored middle-class voters. His answer? Don’t ignore them — lie to them. Read More
Cuomo’s millionaire tax will hurt more than just millionaires
If you’re not a millionaire, you might think Gov. Andrew Cuomo’s millionaire tax surcharge won’t hurt you. Think again. Read More
A New Middle Class Tax Cut? Not Quite
In other words, as EJ McMahon at The Empire Center pointed out this morning, these tax cuts for middle earners were already approved in last year’s budget plan. Read More
Assembly Democrats Propose Higher Taxes on Wealthy
“What we have here is a gazillionaire’s tax,” said E.J. McMahon, director of the New York think tank Empire Center for Public Policy. “Heastie wants to see Cuomo and raise him.” Read More
START-UP NY report drawing mixed reaction
"Start-Up New York is proof positive that taxes aren't the only thing that's hindering business in the state of New York. It's clearly something bigger," Empire Center Policy Analyst Ken Girardin. Read More
Report: Much-touted Start-Up NY created few jobs
A job-creation program highly touted by Gov. Andrew Cuomo's administration created just 408 new jobs in its first two full years, despite an advertising campaign that cost state taxpayers tens of millions of dollars. Read More