Tag: Taxes and Spending

“Now that consumers are paying for the tax, it’s not punishing the pharmaceutical companies,” said Bill Hammond, director of health policy with the Empire Center for Public Policy. “The alleged wrongdoings has become a pretext for raising money and grabbing cash. I’m not saying we’re not spending any money, but if you looked at the budget you wouldn’t know we were at crisis levels.” Read More

“The premise of the pied-à-terre tax — get money from wealthy nonresidents — sounds reasonable on the surface,” said E.J. McMahon of the fiscally conservative Empire Center for Public Policy think tank. “The main problem with the idea is the assumption that an entirely new tax is needed in what’s already the nation’s most heavily taxed and wealthy big city, in order to fund the capital plan of a transit system that has yet to demonstrate it can effectively spend the money it already has.” Read More

Although the IRS ruling hasn’t formally been made final yet and Bellone is promising a legal fight, E.J. McMahon of the Empire Center, an anti-tax think tank, said Suffolk taxpayers should be skeptical of putting money into the proposed charitable fund. “Any contribution to something like the Suffolk County fund is by no means guaranteed a tax deduction, so the message to taxpayers is don’t count on it,” McMahon said in an email. He called Bellone’s plan “nothing new — basically a Suffolk echo of Cuomo a year ago.” 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

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The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.