App NEWS
Cuomo, Lawmakers Yet To Reach Budget Agreement
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The legislature is proposing $7 billion dollars in new taxes on the wealthy and corporations, and $4 billion dollars more in school aid.
Government
Cuomo, Legislature Clash Over New Taxes On The Wealthy
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A recent study found New York’s over 120 billionaires increased their wealth by $88 billion dollars during the pandemic.
Government
Cuomo Admin Rejects Proposed Tax Hikes On High-Income Earners, Restores Planned Cuts
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Democrats have said those tax hikes, coupled with other revenue raisers targeted at the wealthy, could generate more than $8 billion for the state each year.
App NEWS
New York Democrats Unveil Plan for Tax Hikes on the Wealthy
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“If you’re not careful the way you do it, you may actually lose money for the state because businesses and residents will make changes.”
Government
As Calls Grow For Impeachment, Cuomo Conducts Business As Usual
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Cuomo’s plan would add a new, higher income tax bracket for New Yorkers making over $5 million a year. The wealthy would have the option of prepaying their taxes for the next two years at the 2020 rates.
App NEWS
Even With Tax Relief, Advocates Say Tax Hikes On The Wealthy Needed
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A study by left leaning groups calculates that the state’s billionaires saw their earnings and investments rise by 16.8% during the first ten months of the pandemic.
App NEWS
New York Mayor Urges Albany To Tax Billionaires And Avoid Budget Cuts
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Mayor Bill de Blasio spent the better part of three hours on Thursday morning asking state lawmakers to empower localities to fight the pandemic and distribute vaccines, and raise taxes on ultra-wealthy New Yorkers.
Economy
As COVID-19 Raged On, State Sales Tax Collections Last Year Took A Dive
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The steepest decline in sales tax collections happened during the peak of the pandemic, when sales tax collections dropped by about 27% statewide.
Cuomo’s Reservations About His Own Tax-The-Rich Proposal
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It would lead taxes to skyrocket for some of the wealthiest taxpayers, “which would be the highest income tax in the nation.”
App NEWS
Lawmakers Could Return to Albany This Month And Hike Taxes On The Rich
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The Assembly Leader said it would be ideal to approve tax hikes on the rich before the start of the year instead of waiting to address the issue as part of the state budget in March.
App NEWS
Debate Continues On Taxing New York’s Wealthiest
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Governor Cuomo had said on Sept. 10 that New York might have to raise taxes to deal with its massive budget deficit but has since walked back those comments.
Government
July 15 Is New York’s New Tax Day
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The bulk of New Yorkers, over 9 million, have already filed their taxes, but around 1.3 million have not and are expected to do so by Wednesday.
Government
PA Lawmakers Question Governor’s Corporate Tax Proposals—Again
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The Democratic Governor has pitched the same overhaul to Pennsylvania’s corporate tax structure for five years in a row.
Government
To Close The State Budget Deficit, Some Lawmakers Suggest A Tax On Stock Sales
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“It’s a sales tax. It was actually brought in by the Republican Party in 1905 because Republicans don’t like income taxes, they prefer sales taxes.”
Economy
PA’s Attorney General Says Trump’s Tipped Wage Proposal Could Hurt Workers
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The proposed Department of Labor rule notes that it could allow employers to save some money by letting tipped and non-tipped workers pool their pay.
binghamton
New York Senate Leader Cool On Wealth Tax
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The leader of the New York state Senate said she does not think there will be new broad-based taxes on the wealthy to close the state’s multi-billion dollar budget shortfall.
App NEWS
Balancing New York’s State Budget: Raise Taxes Or Cut Costs?
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New York State is facing the largest budget gap in several years. The $6 billion dollar deficit is due largely to higher costs for Medicaid.
App NEWS
New York Assembly May Consider More Taxes On Wealthy
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The Assembly Speaker said it’s a better choice than “cutting health care or denying health care” to New Yorkers.
App NEWS
New York Poised To Give Congress A Rear Window Look Into President Trump’s Tax Returns
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“It is about transparency, and making sure that we have folks governing us who are not circumventing the law or getting away with things that they should not.”
Government
Senate Dems Say They Are “Standing Up” To Trump With Passage Of Two Bills
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“The President and his administration has repeatedly shown a true hostility to the rule of law and Presidential customs. No one is above the law.”
App NEWS
New York Lawmakers Seek Backdoor Means To Release Trump’s Taxes
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“A lot of New Yorkers, and frankly, Americans have questions about what he’s hiding.”
App NEWS
Legislation Would Tax Home Sharing Platforms Like Hotels In New York
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When a guest books a trip to New York through an online platform, these taxes would be automatically charged and collected.
App NEWS
New York Lawmakers Seek Trump’s State Tax Returns
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State Republican Party Chairman Ed Cox said that state Democrats have been afflicted by “Trump Derangement Syndrome,” and that they ought to pay attention to state issues.
App NEWS
Assembly Speaker Expects Sunday Vote On New York State Budget
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Details of some issues are still being worked on, like how to create a congestion pricing system for parts of Manhattan.
Energy
PA Governor Pushes For Severance Tax By Highlighting Philly School Conditions
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The location was strategic, giving Wolf a chance to highlight the kind of infrastructure projects he’d like to complete with the $4.5 billion his administration says the tax would produce.
App NEWS
Lt. Governor Pushes Permanent Tax Cap In New York State
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“We think we need to come out even stronger and enshrine this two-percent tax cap and make it permanent.”
binghamton
With Federal Tax Shelters Disappearing, Are The Rich Fleeing New York?
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Governor Andrew Cuomo says changes to the federal tax code led to a growing state deficit and is causing some high income earners to leave the state. But progressive groups, some democratic state legislators, and even some millionaires, are pushing back.
Government
Tax Cap Measure Passes New York Senate, Stalls In Assembly
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The New York State Senate passed a bill to make the state’s eight year old property tax cap permanent. So far the Assembly has not approved the measure.
binghamton
Attorney Foresees Pricier Divorces And More Litigation Thanks To New Tax Law
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The new federal tax law means big changes for divorcing couples in 2019.
As Tax Day Approaches, Pennsylvanians Warned To Watch Out For Phone Scammers
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The IRS estimates that more than $65 million has been lost to phone tax scammers in the last five years. The calls are most common during tax season in March and April.
Residents Berate Rep. Tom Reed Over House Tax Bill At Town Hall
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Congressman Tom Reed returned to the Southern Tier this week and faced heat over his support of the big GOP tax bill that just passed the House of Representatives. The Republican’s district includes Elmira, Corning and Ithaca. He was an architect of the bill. At a town hall at the American Legion in Horseheads, Reed was greeted with jeers. The building was packed with residents who disapprove of the Republican tax bill.
Low-Interest Energy Upgrades Now Available For Tompkins Businesses
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Tompkins County commercial property owners can learn tonight about a low-cost way to improve their energy efficiency. The Energize New York program has an information session at 5:30 p.m. in The Space at Ithaca’s GreenStar Market. Energize New York has been operational since 2014, but upstate counties are just now getting on board. The program offers low-interest loans to building owners who want to make efficiency upgrades or install renewable energy technology. Executive Director Mark Thielking says the funding is comparable to a public utility, but the benefits it provides come over a longer timeframe.