“This so-called tax freeze bill is simply an election-year gimmick,” said E.J. McMahon of the Empire Center for Public Policy, a fiscally conservative think tank. Read More
Tag: Andrew Cuomo
McMahon pointed out that the number of local governments a county has doesn't matter. "It's the cost of the government services that drive up taxes," he said. "If you get rid of these special districts, you would still have to supply the services." Read More
The President of the Empire Center argues a whole lot of New Yorkers have estates of at least a million dollars, the current floor above which the state takes a cut. Read More
Gov. Andrew Cuomo's $142 billion budget proposal would cut taxes over the next several years by $2.2 billion. For fiscal watchdogs, one tax cut in particular stands out: a gradual eliminate of the estate tax, something most states don't have. Read More
E.J. McMahon, president of the fiscally conservative think tankThe Empire Center, says it's about time New York got in synch with the rest of the country, where many states have already eliminated the tax altogether. According to a report McMahon wrote for the Empire Center, two-thirds of all states—including California, Florida and Texas—have allowed their own estate taxes to disappear. New York is among the holdouts—one of 14 states that still tax estates. Read More
The Empire Center For New York State Policy is out with a new report today on the estate tax. Founding President and CEO EJ McMahon will have details. Read More
The Empire Center’s E.J. McMahon was joined by representatives of the state Farm Bureau and the National Federation of Independent Business at the Monday unveiling of a new report, “New York’s Death Tax: The Case for Killing It.” Read More
In a new report, a coalition of groups opposing New York's estate tax offered a full-throated argument in favor of Governor Andrew Cuomo's plan to lower its rate and raise its exemption threshold from $1 million to the federal level of over $5.34 million over five years. Read More