Arjuna
.338 Win Mag
please keep on cannibalizing each other Deocrats -----
Gov. Andrew Cuomo claims the state Senate is pushing to pass a new tax on millionaires — an assertion immediately denounced as “fake news” by the Democrats who control the legislative body.
He also accused the Senate Democratic leadership of trying to scuttle the $3 billion incentive deal with Amazon to open a new headquarters in Long Island City, Queens.
The governor surprised onlookers Friday when he gave a slide presentation during an economic development speech on Long Island and listed his top legislative priorities in a series of slides.
One of them proclaimed, “Stop the Senate’s effort to pass the millionaires tax.”
Cuomo complained that the new federal tax code that caps state and local tax deductions (SALT) on wealthy New Yorkers has triggered a drop in state tax revenues.
The state’s top 1 percent of income earners generate nearly half of the state’s income tax revenue, thanks to New York state’s progressive tax code that taxes wealthier New Yorkers at a higher rate.
“We have people leaving because of SALT,” he said.
“In what possible logic would you think it’s time to pass a millionaires tax. Now the Senate says we should increase [taxes on] the millionaires.”
Cuomo said New York would be able to “count on one hand the number of millionaires left in New York” if taxes go up.
But a spokesman for Senate Majority Leader Andrea Stewart-Cousins said the governor misrepresented her position.
“Not sure where the Governor is getting his ‘fake news’ from but Senate Democratic Majority Leader Andrea Stewart-Cousins has made it clear we are not looking at raising taxes,” said spokesman Mike Murphy.
“It is unfortunate that the Governor is trying to divide the Democratic Party at this crucial and historic time. The Senate Democratic Majority Conference and our partners in the Assembly finally returned New York as the progressive beacon to the rest of the country.”
Yeah, we're a real fucking beacon of hope
Cuomo’s office then released a copy of legislation introduced on Feb. 5 by Deputy Majority Leader Mike Gianaris (D-Queens) that would allow New York City — not Albany — to impose a tax surcharge on city wealthy residents to help fund mass transit improvements and provide reduced fares for low-income New Yorkers.
The Legislature and governor would have to sign off on a New York City-only millionaires tax.
“The leader and the deputy leader should get on the same page. His tax was introduced three days ago,” said Cuomo senior adviser Rich Azzopardi.
https://nypost.com/2019/02/08/senate-dems-slam-cuomos-claim-about-new-millionaires-tax/
Gov. Andrew Cuomo claims the state Senate is pushing to pass a new tax on millionaires — an assertion immediately denounced as “fake news” by the Democrats who control the legislative body.
He also accused the Senate Democratic leadership of trying to scuttle the $3 billion incentive deal with Amazon to open a new headquarters in Long Island City, Queens.
The governor surprised onlookers Friday when he gave a slide presentation during an economic development speech on Long Island and listed his top legislative priorities in a series of slides.
One of them proclaimed, “Stop the Senate’s effort to pass the millionaires tax.”
Cuomo complained that the new federal tax code that caps state and local tax deductions (SALT) on wealthy New Yorkers has triggered a drop in state tax revenues.
The state’s top 1 percent of income earners generate nearly half of the state’s income tax revenue, thanks to New York state’s progressive tax code that taxes wealthier New Yorkers at a higher rate.
“We have people leaving because of SALT,” he said.
“In what possible logic would you think it’s time to pass a millionaires tax. Now the Senate says we should increase [taxes on] the millionaires.”
Cuomo said New York would be able to “count on one hand the number of millionaires left in New York” if taxes go up.
But a spokesman for Senate Majority Leader Andrea Stewart-Cousins said the governor misrepresented her position.
“Not sure where the Governor is getting his ‘fake news’ from but Senate Democratic Majority Leader Andrea Stewart-Cousins has made it clear we are not looking at raising taxes,” said spokesman Mike Murphy.
“It is unfortunate that the Governor is trying to divide the Democratic Party at this crucial and historic time. The Senate Democratic Majority Conference and our partners in the Assembly finally returned New York as the progressive beacon to the rest of the country.”
Yeah, we're a real fucking beacon of hope
Cuomo’s office then released a copy of legislation introduced on Feb. 5 by Deputy Majority Leader Mike Gianaris (D-Queens) that would allow New York City — not Albany — to impose a tax surcharge on city wealthy residents to help fund mass transit improvements and provide reduced fares for low-income New Yorkers.
The Legislature and governor would have to sign off on a New York City-only millionaires tax.
“The leader and the deputy leader should get on the same page. His tax was introduced three days ago,” said Cuomo senior adviser Rich Azzopardi.
https://nypost.com/2019/02/08/senate-dems-slam-cuomos-claim-about-new-millionaires-tax/
