According to the highly regarded Empire Center for Public Policy, the Cuomo administration, over its first eight years, wasted more than $10 billion in public funding and tax breaks on these types of economic development boondoggles. Read More
Tag: Andrew Cuomo
“The Legislature has the power to reduce any appropriation proposed by the governor, or eliminate it, and there’s nothing he can do about it. They’ve never wielded this power or even threatened it. I don’t know why. Maybe they’re so addicted to spending," said E.J. McMahon, research director at the Empire Center for Public Policy, a state budget watchdog group. Read More
Some of the heated attacks on Governor Cuomo's Medicaid cuts, including a claim that tens of thousands of jobs would be lost, should be taken with a grain of salt. Read More
Gov. Andrew Cuomo has spent most of the past two weeks pointing fingers: first at President Trump, whose tax law he blames for a sudden decline in New York’s revenues, and then at state Senate Democrats, whom he holds responsible for the Amazon fiasco. But the blame game will carry Cuomo only so far. In New York state’s executive budget system, the bucks stop with the governor. And, politically, this year’s budget process will be his most challenging yet, testing both his ability to manage legislative relations and his commitment to financial restraint. Read More
The Governor announced that the state has to deal with a 2.3-billion-dollar revenue shortfall which he blamed on the federal tax overhaul passed late in 2017. EJ McMahon, Founder and Research Director of the Empire Center for Public Policy, shared his analysis of the situation. Read More
E.J. McMahon, research director for the Empire Center for Public Policy, said the scuttling of the Amazon headquarters "highlights New York's lack of competitiveness" as it jockeys with other states to lure jobs. Read More
To restore the full deduction, E.J. McMahon, research director for the Empire Center for Public Policy, said congressional Democrats would have to line up behind tax hikes on very high earners, something that would be rejected by Republicans and the White House. Read More
Such departures are a longstanding part of the state's history, according to a 2011 study by the Empire Center for New York State Policy, a conservative-leaning, Albany-based think tank. That report found that since 1960, New York had lost about 7.3 million residents to other states. That was partially offset by the arrival of 4.8 million immigrants, for a net decline of about 2.5 million residents. Read More