Critics say extending 'temporary' tax bad for NY - FOX 10 News | myfoxphoenix.com

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 NewsMore>>

  • Road-trip vacations that don't break the bank

    Road-trip vacations that don't break the bank

    Thursday, July 31 2014 5:37 PM EDT2014-07-31 21:37:29 GMT
    Last-minute vacations don't need to be a headache or ridiculously expensive, especially if you make it a road trip. Even if you don't have a car, renting one can be an affordable option.Lauren Lyons Cole, a personal finance contributor to TheStreet.com, has some suggestions.
    Last-minute vacations don't need to be a headache or ridiculously expensive, especially if you make it a road trip. Even if you don't have a car, renting one can be an affordable option.Lauren Lyons Cole, a personal finance contributor to TheStreet.com, has some suggestions.
  • Trench collapse traps workers

    Trench collapse traps workers

    Thursday, July 31 2014 2:56 PM EDT2014-07-31 18:56:22 GMT
    Two construction workers were rescued from a collapsed trench outside a home in Rye, N.Y. on Thursday.  Firefighters from across Westchester County responded to the scene at 15 Bradford Ave. at about noon.
    Two construction workers were rescued from a collapsed trench outside a home in Rye, N.Y. on Thursday.  Firefighters from across Westchester County responded to the scene at 15 Bradford Ave. at about noon.
  • Woman plunges to death over cliff in Catskills

    Woman plunges to death over cliff in Catskills

    Thursday, July 31 2014 2:42 PM EDT2014-07-31 18:42:28 GMT
    Authorities say a 23-year-old woman trying to take a picture by the edge of a cliff in the Catskill Mountains died after falling more than 150 feet.
    Authorities say a 23-year-old woman trying to take a picture by the edge of a cliff in the Catskill Mountains died after falling more than 150 feet.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices