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.
Sunday, May 19 2013 3:37 PM EDT2013-05-19 19:37:14 GMT
Commuters are bracing for a difficult trip around southwest Connecticut and to New York City beginning Monday as workers repair the Metro-North commuter rail line crippled by a derailment and crash.
Commuters are bracing for a difficult trip around southwest Connecticut and to New York City beginning Monday as workers repair the Metro-North commuter rail line crippled by a derailment and crash.
Friday, May 17 2013 8:28 PM EDT2013-05-18 00:28:27 GMT
Democratic Assemblyman Vito Lopez, who represents New York City, said he will resign June 20 amid a sexual harassment scandal and run for a City Council seat.
Democratic Assemblyman Vito Lopez, who represents New York City, said he will resign June 20 amid a sexual harassment scandal and run for a City Council seat.
Thursday, May 16 2013 6:06 PM EDT2013-05-16 22:06:34 GMT
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
Thursday, May 16 2013 2:49 PM EDT2013-05-16 18:49:22 GMT
Powerball's estimated jackpot has soared to $550 Million dollars for Saturday's drawing after none of the tickets sold for the Powerball game Wednesday evening matched all six numbers drawn.
Powerball's estimated jackpot has soared to $550 Million dollars for Saturday's drawing after none of the tickets sold for the Powerball game Wednesday evening matched all six numbers drawn.
Thursday, May 16 2013 7:42 AM EDT2013-05-16 11:42:27 GMT
Authorities say they plan to resume the search for an upstate man now that a body found in the Hudson River earlier this week has been identified as his companion in a canoe that capsized last December.
Authorities say they plan to resume the search for an upstate man now that a body found in the Hudson River earlier this week has been identified as his companion in a canoe that capsized last December.
Wednesday, May 15 2013 1:03 PM EDT2013-05-15 17:03:28 GMT
Top Senate Democrat Charles Schumer plans to revive legislation that would protect journalists and their employers from revealing their sources
Top Senate Democrat Charles Schumer plans to revive legislation that would protect journalists and their employers from revealing their sources, days after it was revealed that the Justice Department secretly obtained Associated Press phone records.
Tuesday, May 14 2013 6:09 AM EDT2013-05-14 10:09:21 GMT
The country's four biggest cellphone companies are set to launch their first joint advertising campaign against texting while driving.
The country's four biggest cellphone companies are set to launch their first joint advertising campaign against texting while driving, uniting behind AT&T's "It Can Wait" slogan.
