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Area Officials Concerned Over New York Tax Issues

April 15, 2021 by helpdesk1

The list of people who are unhappy about the governor’s plan to tax high-income-earning New Yorkers and corporations to help battle the state’s financial woes continues to grow. Haverstraw supervisor Howard Phillips says taxing your way out of tough times isn’t the way to go…

WRCR’s Market Analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge agrees, and says the state’s problem isn’t a lack of revenue, it’s too much spending…

Even governor Andrew Cuomo himself complained about high taxes yesterday at a press event on Long Island…

Cuomo was referring to his request of the Biden administration and Congress to repeal the SALT cap on property tax deductions that the previous administration enacted. The state’s millionaire tax plan also does not have the support of the head of the Rockland Business Association. CNBC says it could generate more than $4 billion in revenue.

Filed Under: News

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