What would happen if New York joined the majority of states that don’t have estate taxes? An analysis from the Beacon Hill Institute included in a report on the tax from the Empire Center shows a complete phase-out of the tax would boost the state’s gross domestic product by billions. 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
A report from the Empire Center for NYS Policy released Monday made the argument for ending the estate tax, a proposal that Cuomo supports, saying that it forces people – especially the elderly – to the flee the state. The report found middle-income New Yorkers are impacted by the tax. 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
Derided as a windfall for the wealthy, a proposal to raise New York's estate tax threshold above $1 million would actually help thousands of homeowners, farmers and small business owners, supporters argued Monday. Read More
Pro-business groups say Gov. Andrew Cuomo's proposed budget would help reduce the high tax bill that can be incurred by dying in New York. Read More
Gov. Cuomo is proposing the most significant reform and reduction of New York’s estate tax in 17 years. This is a big reason why public employee unions and their allied advocacy groups are now claiming that Cuomo’s tax agenda favors “millionaires and billionaires.” Read More