Thursday, 22 February, 2018

From revenue taxes to payroll taxes: What to learn about Cuomo's plan

Poll: Gov. Andrew Cuomo didn't have a good month Poll Shows Cuomo's Numbers Drop, But Support For Proposals Is Strong
Sammy Stanley | 15 February, 2018, 12:03

Gov. Andrew M. Cuomo unveiled 30-day amendments to his FY 2019 executive budget proposal Monday, including an adjustment to his proposal to shift reliance on income taxes to payroll taxes.

"Until we see the details, my visceral reaction is that all of my colleagues are opposed to that", Flanagan added, casting doubt that such a proposal could be done by the Legislature before the new fiscal year begins April 1.

"The good news for Cuomo is that the two Republicans still seeking to run against him are both unknown to more than three-quarters of NY voters", Greenberg continued.

Flanagan commented during the Senate GOP's unveiling of its 2018 "jobs and opportunity" agenda.

New York's first family has a new first dog.

The plan would also create two charitable contribution funds - one for health care and the other education - to help pay for those essential services, which account for almost half the state budget. The governor's office said the legislation would also create two new funds to accept donations to fund health care and education programs, allowing taxpayers who itemize their deductions to deduct those donations from their federal taxes.

There's a new addition to the Cuomo Administration.

A Malaysian Newspaper Printed a Checklist for Spotting Gay People
One of the country's biggest social media stars, Arwind Kumar , railed against the list in a video posted on YouTube. The article has aroused a lot of media attention and has sparked criticism from LGBT rights activists.

The D.C. deal is bad for those proposing a state tax increase on wealthy households who got a federal tax cut.

"We'll take credit for that, " Flanagan said of the $1.5 billion tax action that Cuomo will propose this week.

Cuomo took a hit with Democrats, but was worse with Republicans, while his popularity fell in New York City and dropped significantly in upstate, said Steven Greenberg, a spokesman for the Siena College poll.

Under the payroll-tax plan, employers would be subjected to a 5 percent tax on all annual payroll expenses in excess of $40,000 per employee. Last week, New Jersey Gov. Phil Murphy called upon the state's mayors to allow residents of the state to pay property taxes to a charitable fund set up by local governments to circumvent the $10,000 cap on state and local tax deductions.

Cuomo has vowed to sue the federal government over the tax law. He has included it in his State of the State agenda before, but it hasn't advanced beyond that stage.

"New York State has had an abysmal rate of voter turnout and participation for far too long", Wilson said.

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