Tag: Tax reform
E.J. McMahon, of the right-leaning Empire Center for Public Policy, said the tax cap is a "wonderful thing" but it is not a tax cut. He looked over the list the Senate Democrats provided of credits, exemptions and reductions, and said they aren’t what most people would consider a tax cut. Read More
The impending enactment of a permanent property tax levy cap in New York is a truly historic moment. Since its founding in 2005, the Empire Center has identified a broad cap on property tax levies as a top policy priority. Read More
Gov. Andrew Cuomo’s economic development programs have been the subject of two federal corruption trials that ended with convictions for two of Cuomo’s former associates. But some say problems with the $9 billion programs go beyond corruption and that the structure of the programs is flawed. Read More
The Empire Center broke the news this week that the state Department of Taxation and Finance is working on an unincorporated business tax that might allow partners at law firms and investment banks and similar high-paying places to get around the federal limitation on deducting state and local taxes. Read More
Led by New York's Charles Schumer, U.S. Senate Democrats just unveiled a "Jobs and Infrastructure Plan" that would be financed disproportionately by Empire State taxpayers. To cover the 10-year, $1 trillion price-tag of their package, Senate Democrats would reverse several provisions of the newly enacted federal tax changes—including reductions in the top income tax rate and in the Alternative Minimum Tax (AMT). Read More
The past year has been a roller-coaster for New York’s health-care system, as Congress tried repeatedly to scale back Medicaid and dismantle the Affordable Care Act while allowing other health-related programs to lapse. Because New York depends so heavily on federal health dollars, it had more to lose than almost any other state. Read More
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