Wednesday, December 1, 2021

Play

As the U.S. Supreme Court takes up a high-stakes abortion case, it coincides with divisive arguments over voter fraud, mask mandates and more, and at least three are dead in a Michigan school shooting.

Play

Republican lawmakers say government won't shut down; Federal Reserve Chair Jerome Powell says inflation will last well into next year; and an FDA panel greenlights first pill to treat COVID-19.

Play

South Dakota foster kids find homes with Native families; a conservative group wants oil and gas reform; rural Pennsylvania residents object to planes flying above tree tops; and poetry debuts to celebrate the land.

Cuomo Tax Plan: “Good Start, But Not Enough”

Play

Wednesday, December 7, 2011   

NEW YORK – Gov. Andrew Cuomo has reached a deal with state lawmakers on a tax-overhaul plan he says can break the political gridlock and grow the economy. The plan would raise taxes on wealthy New Yorkers and generate an estimated $2 billion a year.

Billy Easton, executive director of the Alliance for Quality Education, calls it an important step in the right direction, but says the plan falls short of filling the $5 billion budget gap he says was created by eliminating the existing millionaires' tax.

"It is clearly a response to all of the demands of the 99 percent of New Yorkers who want fairness. It does not go far enough. Our schools have taken serious cutbacks."

When Cuomo puts together his budget, Easton says, he needs to take the next step and close corporate-tax loopholes. State lawmakers could be asked to vote on the package in a special session by the end of this week.

James Parrott, deputy director and chief economist at the Fiscal Policy Institute, says the tax plan takes a stab at creating more progressive tax brackets, but his group had proposed an alternative he says would have generated more than double the yearly revenue.

"We had proposed an expanded circuit-breaker that would provide tax relief for high property tax burdens. But on the whole, again, it is a step in the right direction, but it falls a little bit short."

At New York Common Cause, executive director Susan Lerner expressed concerns that all the talks on this important tax-overhaul plan took place behind closed doors.

"No direct input by the public or any of the affected constituencies, and that's very disappointing. At the same time, we're very glad to see that the issues are being addressed. We just think the results could have been even stronger, more vigorous, if there had been a public process."

Cuomo says the plan would give middle-class families in New York their lowest tax rate in 58 years.


get more stories like this via email

According to an annual survey, 20% of Americans could not name any branches of government. (Adobe Stock)

Social Issues

FARGO, N.D. -- The U.S. Supreme Court today takes up arguments in a high-stakes abortion case. It coincides with divisive arguments over voter fraud…


Environment

MADISON, Wis. - The Department of Natural Resources wants Wisconsinites to weigh in on its efforts to address chronic wasting disease. The always-…

Social Issues

LARAMIE, Wyo. -- Wyoming shoppers choosing to buy gifts at local mom-and-pop stores this holiday season can sample cookies with Mrs. Claus and refuel …


At the start of 2020, nearly 25,000 Ohioans had been diagnosed with HIV, according to state data. (Adobe Stock)

Health and Wellness

CLEVELAND, Ohio -- Today marks World AIDS Day, observed internationally to remember those lost to the HIV/AIDS epidemic and raise awareness about the …

Social Issues

SALEM, Ore. -- A new project with a grant from the federal government aims to invite Hispanic students in Oregon into agriculture and technology …

More than one in four people in a recent survey said when payments resume in February, they'll be paying at least one-third of their income toward student loans. (Vitalii Vodolazskyi/Adobe Stock)

Social Issues

GREAT FALLS, Mont. - Student-loan borrowers have had a reprieve from making payments during the pandemic, but that's set to end in 2022. Starting in …

Environment

HEMET, Calif. -- Public-lands groups are asking Congress to support the proposed Western Riverside County Wildlife Refuge, a 500,000-acre swath …

Health and Wellness

AUGUSTA, Maine -- Advocates for access to mental-health services are holding a Behavioral Health Summit today at the Augusta Civic Center. They are …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021