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Cuomo’s Tax Deal
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Editorial 12/9/2011
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Cuomo’s Tax Deal
presented by Peter Kohler

You have to admire Governor Andrew Cuomo’s audacity in summoning legislators back to Albany to turn his flip-flop on taxing the rich into an agreement to raise $1.9 billion in new tax revenues.

Amazingly, Cuomo was able to sell his revenue-raising scheme to Democrats and Republicans alike by proposing to hike income tax rates for the rich, while cutting them for the middle class.

Cuomo’s remarkable course correction came after he had repeatedly opposed new taxes, and had supported the expiration of an income tax surcharge on the rich. Cuomo said he found a fairer way to raise income taxes by re-jiggering tax brackets to impose higher tax rates on the wealthiest.

Another part of this political package–of particular appeal to Long Island–will relieve small businesses from the MTA’s onerous payroll tax.

Cuomo made a persuasive case that a tax system that progressively raises rates can more fairly generate revenues the state needs.

Also give credit to Assembly Speaker Sheldon Silver, and Senate Majority Leader Dean Skelos for striking the deal with Cuomo.

No doubt, some will condemn this as governance by “three men in a room,” but thanks to them, a state long known for dysfunction is functioning again.

Governor Andrew Cuomo’s Message to New Yorkers on the Economy

Jul 1, 2011
Dysfunctional Albany. Those two words no longer describe state government in the Empire State. Give credit to Governor Andrew Cuomo and to Senate Majority Leader Dean Skelos and Assembly Speaker Sheldon Silver for their achievements, including an historic vote to permit same-sex marriages, a 2 percent cap on local property taxes, major ethics reforms, and a state budget that was not only balanced, and on time, but the first in years to actually cut state spending…
Aug 10, 2010
How did we get in this fix? Last year, the state legislature approved a regional payroll tax to support the MTA, which was running out of money, and drowning in its own debt. And now a year later, we learn not only that the MTA is still broke, but that it is threatening more fare increases for Long Island Rail Road commuters, while drastically reducing its support for Long Island Bus in Nassau County…