Paterson: Washington Needs to Raise Taxes

Monday, April 11, 2011 - 02:55 PM

Speaking at Columbia University today, former Governor David Paterson waded right into the federal budget debate.

"As a nation, we're going the wrong way," he said. The former governor said he understood "the political winds," but he said troubled European economies show how cutting spending can dramatically lead to deflationary spirals.

"We have a revenue crisis" Paterson said. "The road out of this is revenue generation."

The former governor kept his tax comments focused on Washington. He mentioned the progressive tax surcharge added to the bill of New York taxpayers earning more than $200,000 during his administration -- but he didn't comment on its coming expiration at the end of year.

He called the on-time budget in Albany "a tremendous, tremendous achievement" because it closed a $10 billion deficit without adding new taxes or new borrowing.


More in:

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.


"The Capitol Pressroom" with Susan Arbetter at 11 am

For show archives, please visit The Capitol Bureau's website here.

About The Empire

Everything you need to know about New York politics and governance. We aim for a ground-up approach to politics, reverse engineered to make the effect just as important as the players and the game they play. From the Long Island to The Thousand Islands, New York City Hall to the Capitol Building, The Empire's got you covered.

Check out WNYC's 2013 Mayor Tracker--the one-stop shop for info about the candidates, issues and trends in the upcoming New York City mayoral election.


Our Reporters


Supported by