Today's New York Times "a growing sense" in Albany that the Democrats who now control state government will seek to raise state income taxes on "the wealthiest New Yorkers" to help close a $15 billion budget gap. The Times articl Read More
Tag: Taxes and Spending
Thousands of union members will gather in Albany today to demonstrate against Governor Paterson's proposed state budget cuts, and most of them will no doubt be pushing organized labor's soak-the-rich income tax hike as an alternative. But Steve Kag Read More
Supporters of an income tax increase in New York State were, until recently, pushing what they called a "millionaire tax." But now that the number of millionaires is rapidly shrinking, Albany's most vocal tax-hike proponents have lowered their taxa Read More
The Ravitch Commission is said to be mulling a payroll tax to help close large deficits faced by the state Metropolitan Transportation Authority (MTA). Other elements of the package reportedly would include fare increases and the acquisition and Read More
Swiss banking giant UBS has announced a to executives and board members. Although the system does not apply to traders and mid-level bankers, it's still a useful document. The future iteration of Wall Street is going to rethink its entire bonus str Read More
The consumer price index fell 1 percent month on month in October, according to . Falling consumer prices, if they continue, worsen New York's fiscal position. Read More
Goldman Sachs surprised hardly anyone when it announced that its top seven execs would take no bonuses this year. UBS followed suit a day later. But top executives aren't the real bonus worry. Read More
Mayor Bloomberg will seek to revive New York City's commuter tax, his budget director the City Council yesterday. First enacted in 1966, the tax was repealed by the state Legislature and then-Governor Pataki in 1999, over the loud objections of ci Read More