Without discussing details, Governor Cuomo did not flatly contradict or deny aWall Street Journal report that he is considering some sort of personal income tax “overhaul” that would combine a middle class tax cut with some sort of increase in tax rates for upper-income households.
In a lengthy Talk 1300 radio interview this morning with the Fred Dicker of theNew York Post, Cuomo emphasized that he was viewing tax alternatives through an economic prism.
As he often does, the governor framed the issue in the form of a rhetorical question: “What would you do with the tax code … to promote jobs?”
Of course, there’s a simple answer to that one: avoid increasing marginal income tax rates.
You may also like
Highlights of Albany’s Bloated and Belated Budget
The state Legislature approved the last of nine budget bills Thursday evening, 38 days after the start of the fiscal year. Here are some highlights of the fiscal impact of final spending plan:
Top lines
Read More
Forcing Homes to Switch to Electric Heat is not a Good Policy
New York has some of the most ambitious climate goals in the country: electric school buses by 2035, zero emissions electricity by 2040, etc. Why New Yorkers, who already consume less energy per capita than any state (other than Rhode Island), s Read More
After Tariff Shock, Albany Should Face its New Fiscal Reality
This year, for once, state lawmakers' failure to pass a timely budget could prove to be a stroke of luck.
When President Trump rolled out his on April 2, Albany leaders had not agreed on a spending plan for the f Read More
New York’s Proposed ‘MCO Tax’ Would Generate a Fraction of What Lawmakers Expected
The Hochul administration's proposed "MCO tax" would generate far less than the $4 billion in extra federal aid anticipated by state lawmakers when they approved the concept this spring, according to documents obtained by t Read More
Cuomo’s House Testimony Added New Misinformation about Covid in Nursing Homes
Throughout the scandal over former Governor Andrew Cuomo's handling of Covid-19 in nursing homes, Cuomo and his administration repeatedly spread bad information – misstating how its policies had worked, understating death Read More
Hochul Hides the Specifics of a Looming Tax on Health Insurance
The Hochul administration has requested federal approval for a multibillion-dollar "MCO tax" on health plans without announcing the move or providing details to the public.
As by l Read More
New Yorkers’ Health Costs Spiral as Officials Take Credit for ‘Savings’
The latest round of health insurance premium hikes announced by New York regulators adds to evidence that state policies are drowning consumers instead of helping them.
Late last mo Read More
What Paul Francis Got Wrong About the Empire Center’s Nursing Home Research
In February 2021, the Empire Center published the first independent analysis of the Cuomo's administration much-debated directive ordering Covid-positive patients into nursing homes. The report found that the directive was associated with a statistically significant increase in resident deaths in the homes that admitted the infected patients. Read More