Critics say extending 'temporary' tax bad for NY - New York News | NYC Breaking News

Critics say extending 'temporary' tax bad for NY

Posted: Updated:

ALBANY, N.Y. (AP) — Critics are say a proposal to extend a "temporary" income tax hike for the second time in the state budget currently under negotiation is bad for New York.

E.J. McMahon of the Manhattan Institute says the proposal is a political ploy to avoid extending the tax when it's due to expire in 2014, an election year.

The proposal being considered in closed-door talks was first revealed last week by The Associated Press citing officials close to the talks who spoke on the condition of anonymity because they weren't authorized to divulge the effort.

Legislative leaders confirmed the proposal Sunday night. The $2 billion "millionaire's tax" was opposed by Cuomo and Senate Republicans in the 2010 elections.

The Partnership for New York City calls it the worst possible message to employers.

 

Copyright 2013 The Associated Press.

  • New York State NewsNew York State News

  • Tuesday, June 18 2013 6:41 AM EDT2013-06-18 10:41:57 GMT
    Crews are back dredging the upper Hudson River after high water forced a temporary suspension last week.
    Crews are back dredging the upper Hudson River after high water forced a temporary suspension last week.
  • U.S. Army photo
    The body of one of three New Yorkers killed in an attack in Afghanistan is scheduled to arrive in his upstate hometown while the funeral of a second victim is being held in the Hudson Valley.
    The body of one of three New Yorkers killed in an attack in Afghanistan has arrived in his upstate hometown as the funeral of a second victim was being held in the Hudson Valley.
  • Monday, June 17 2013 12:03 PM EDT2013-06-17 16:03:27 GMT
    Authorities say they still haven't determined what caused six U.S. border agents to require decontamination and medical attention after inspecting a vehicle at a crossing in northern New York.
    Authorities say they still haven't determined what caused six U.S. border agents to require decontamination and medical attention after inspecting a vehicle at a crossing in northern New York.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2013 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices