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
Tag: Population and Demographics
DiPietro's proposal is one of several just this year to broach the subject. While the conversation seems to come in cycles, E.J. McMahon from the Empire Center for Public Policy believes it's picked up because Upstate lawmakers are frustrated by policy and diminishing influence. "Upstate's representation in the Legislature is primarily comprised of powerless Republicans. Upstate has virtually no representation among the statewide elected officials, again except for the lieutenant governor who is somebody picked by the governor," McMahon said. Read More
Newly revised data from the state Labor Department indicate New York's regional economic performance gap has grown larger in the last year. On a year-to-year basis, the state gained 103,900 private-sector jobs in January—a growth rate of 1.3 percent at a time when the U.S. as a whole was growing by 2.1 percent, according to the state Labor Department's monthly jobs report. Read More
E.J. McMahon of the fiscally conservative Empire Center noted that the study relied on data from the Institute on Taxation and Economic Policy, whose methodology he described as "lousy." McMahon further asserted that New York state contains multiple regional economies and differences in tax codes that make such statewide analyses inaccurate. Read More
Government watchdog E.J. McMahon, of the Empire Center, warned that the Amazon ordeal would be noticed by other firms. “The Amazon fiasco definitely sent a signal, and it’s not a good signal from multiple angles,” McMahon said. “Governor DeSantis couldn’t have picked a better time to work on poaching New York businesses, especially high earners in finance. More than a few will no doubt find it tempting to at least listen to Florida’s pitch.” Read More
E.J. McMahon, research director of the conservative think tank Empire Center for Public Policy, told CBS New York and The Associated Press that, if the state splits, the upstate region would feel the economic effects. "Upstate would need to do a really significant reset of the way government is funded and what it spends, and upstate politicians have not exactly been clamoring for the reforms that it would take to make that happen," he said. 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
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