Testimony

Testimony: FY2020 New York State Budget – Taxes by E.J. McMahon |  | Testimony

Governor Cuomo’s Executive Budget for fiscal year 2020 includes a short list of state revenue actions. By far the most significant tax proposal on the list would extend, for five years, the temporary added personal income tax (PIT) rate also known as the “millionaire tax.” [Read_more]

Testimony: FY2019 New York State Budget – Health Care | Testimony

The past year has been a roller-coaster ride 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 in all of those fights. [Read_more]

Testimony: FY2016 New York State Budget by E.J. McMahon |  | Testimony

Changes made last year to the Corporation Franchise Tax and Estate Tax codes will help make New York a more attractive and competitive place to live, work and do business. However, there remains much to do. [Read_more]

Testimony: FY2015 New York State Budget by E.J. McMahon |  | Testimony

Governor Cuomo’s 2014-15 Executive Budget would devote more resources to initiatives described as “tax cuts” than any state budget we’ve seen in quite a few years. This in itself is an encouraging sign of the recognition that New York needs to do more to shed its reputation as a high-cost, high-tax state.
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Testimony on Local Government Fiscal Distress by E.J. McMahon |  | Testimony

The Great Recession and its aftermath have brought obvious, ongoing strains to finances at every level of government. What we have been experiencing for the past five years is something new and unprecedented in the post-World War II era: a prolonged period of slow growth with pronounced disinflationary tendencies. [Read_more]
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