Tag: Economy

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The closing days and hours of New York State’s 2019 legislative session were easily among the most economically consequential in Albany’s recent history—but not in a positive sense. Read More

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Opponents of a higher minimum wage, like the Empire Center for Public Policy, have argued that a gradual minimum wage increase would increase employer overhead and cost the state up to 200,000 jobs — and at least 11,000 in the Capital Region alone. Read More

E.J. McMahon of the Empire Center for Public Policy, a fiscally conservative think tank based in Albany, breaks it down: The state has a 4 percent sales tax, and Nassau and Suffolk each have a 4.25 percent sales tax. Read More

Cuomo's claims are likely overstating the immediate impact of the deduction cap, said E.J. McMahon, founder of the Empire Center, a fiscally conservative think tank in Albany. It's simply too soon to know if people have fled the state because of the so-called SALT cap, McMahon said. Read More