Streams

Kathryn Wylde on Cuomo's New Tax Plan

Monday, December 05, 2011

Governor Cuomo proposed a new plan Sunday to create jobs, which includes new higher tax rates for the wealthy. Kathryn Wylde, president of the Partnership of New York City, a network of business leaders, discusses why she supports the new plan even though she has opposed the so called millionaires' tax.

Guests:

Kathryn Wylde
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Comments [19]

Em

It's very odd listening to your guest argue against the abuse of public sector spending while she argues for extending the already rampant corporate welfare system; and this is supposedly the "balanced" approach for the "victimized" 1%. That's very close to self-parody.
Being able to succeed in exploiting a rigged system does not make you more worthy, just a good opportunist and manipulator who usually has an disproportionate advantage to begin with: and that applies to both the billionaire and the union leader. To suggest that either thinks of anything more than short term gains shows a severely challenged awareness of the state of New York politics. But after your recent show, I'm optimistic: with another foot of water coming, all this detritus should be washed away.

Dec. 05 2011 12:09 PM
John from NYC

Ms. Wylde needs to curtail comments about Malpractice Reform when she doesn't present the facts. Patients need to be protected when injured from the Health Industry. I used to call it a profession.

Dec. 05 2011 11:50 AM
DarkSymbolist from NYC!

If he does not raise their taxes, then Cuomo must go. PERIOD!

Dec. 05 2011 11:50 AM
DarkSymbolist from NYC!

So this is just another radical right-wing business moron who wants us to feel sorry for the rich who don't need our sympathy. Gimme a break. What a waste of air time.

Dec. 05 2011 11:48 AM
Robert from NYC

How do we get it thru to her brain and the business communities brain that WE the workers have already contributed to this "austerity" it's time that big businesses do the same. The taxes on millionaires should be raised-PERIOD

Dec. 05 2011 11:47 AM
Amy from Manhattan

Pointing out divisions that already exist isn't what's divisive--it's the circumstances that create the divisions that's divisive (even though "the 99% vs. the 1%" is a little oversimplified).

Dec. 05 2011 11:46 AM
CL from NYC

High earners are underpaying, and that must be rectified. Period. Having a "business community" person on to weigh in on this is silly-- more of the "taxing the job-creators" sophistry.

Dec. 05 2011 11:46 AM
DarkSymbolist from NYC!

"We want as many Millionaires as possible in New York"

Ummm..no "we" don't! Speak for yourself!

If they can't be taxed then all they do is make this city more expensive to live in, driving up rent and driving out the middle-lower class.

Dec. 05 2011 11:46 AM
Smokey from LES

"We don't want to tax the people we want - we want lots of millionaires in New York." Well, with that logic let's just tax poor people and hope they move away.

Dec. 05 2011 11:46 AM
Aaron from Brooklyn

Sorry I'm not going to give billionaires any sympathy for being called billionaires. That is what they are and the amount of money they earn is directly related to the discussion. I will save my sympathy for someone who actually needs it.

Dec. 05 2011 11:45 AM
M. L. from COH, NY

According to the Census Bureau, the most common move between states in 2009-10 was from California to Texas (about 70,000 people). A Census Bureau blog entry notes that "the second most common move overall was New York to Florida" (source: http://blogs.census.gov/censusblog/2011/11/a-nation-still-on-the-move-but-less-transient-than-before.html). That seems to suggest that most people moving out of New York state are doing so because they have retired, not because of tax rates as the guest said.

Dec. 05 2011 11:45 AM
Helen from manhattan

I respectfully disagree with the speaker. These millionaires are only paying "disproportionately" high amount of taxes because they make disproportionately high amount of money. How can she compare the % of taxes between someone who makes 30,000 a year and complain that someone making over 1,000,000 a year pays a higher tax rate?

Dec. 05 2011 11:45 AM
neeta from manhattan

Why are we hitting up the $200K earners? Doesn't this solution get the real millionaires off the hook, and make those people interested in increasing taxes on millionaires feel like they got a victory. Lets talk about really taxing people who make more than 1 million/year.

Dec. 05 2011 11:44 AM
C. E. Connelly from Manhattan

Why exactly do we want as many millionaires as possible in New York? If we can't tax them what good do they do us? To make New York an even more expensive to live?

Dec. 05 2011 11:43 AM
bijou from Manhattan

the millionaire class pay tax disproportionally because they earn/gross/.. disproportionally

Dec. 05 2011 11:41 AM
Inquisigal from Brooklyn

Can you ask your guest why it's called a millionare's tax if it's earners $250,000 and up, and also if there is indeed a tax bracket that would literally include million-dollar-a-year earners? If there isn't, why not?

I think we can all agree that a person or a family who makes $250K a year in NYC is a vastly different economic group than one who makes a million a year.

Dec. 05 2011 11:38 AM
fuva from Harlemworld

So those earning $1mil+ get a tax decrease...

Dec. 05 2011 11:35 AM
amanda from manhattan

earning $200K in NYC is not a millionaires tax. Tax the people who make $1M+. $200K in manhattan with 3 kids is middle class.

Dec. 05 2011 11:35 AM
Martin Chuzzlewit from Manhattan

Thanks for having Ms. Wylde on to discuss this.....instead of some radical drone from the Working Families Party (LOL, what a misnomer!) or some other left wing kook.

Dec. 05 2011 10:28 AM

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