Streams

Live Coverage: Governor Paterson's News Conference on the State's Economy

Wednesday, July 30, 2008

New York State Senators Carl Marcellino (R-5th Syosset) and Liz Krueger (D-26th Manhattan) discuss Governor Paterson's economic address and state budget.

Guests:

Liz Krueger and Carl Marcellino

Comments [10]

Jenn from Brooklyn

There had better not be even another penny increase in taxes in this state and city. The absolutely punitive tax system we have here is forcing people and businesses out of the state. I consider myself a Democrat, but most certainly not at the state and local level! There needs to be some spending control in this state. Why are these people sheepish about large agency cuts? Your constituents have not gotten raises in in years, we are losing our jobs, and you have been steadily increasing taxes and voting yourselves pay raises. I can forgo a meal or not splurge on a new pair of jeans, but I cannot get around the taxes I am forced to pay other than move out of the state.

Jul. 30 2008 11:11 AM
Jeffrey Slott from East Elmhurst

I love it when politicians claim that everyone will have to suffer a bit when catastrophes like this happen. Yeah, right...

Jul. 30 2008 11:07 AM
Maria from New York

@ Judith: 5 cents is quite a bit when we're talking about stock prices.

Jul. 30 2008 10:59 AM
Maria from New York

Is there some sort of legal obligation preventing state deficits? Why is there no talk of financing the shortfall? That is what should be done when there's a temporary drop in tax revenue. This should, of course, be followed by not raising expenditures when the good times come back.

Jul. 30 2008 10:58 AM
judith ackerman from Upper West Side

To raise revenue for NY State: l. 5 cents to go to the state with every Wall Street stock or bond or whatever transfer. No one will suffer over a nickel, and the state will have more money to play with. 2. A small tax on out of state commuters. These people come in, work here, use all our facilities, and don't give anything back. We get taxed by the out of state jobs we get, so let's be fair, and the money will help our state.

Jul. 30 2008 10:53 AM
chris

oh, those poor people that only make 200K!!

am I missing something, or is the Governor saying there is an emergency over a 5 billion deficit??
That's really not that much money anymore, is it? at least not around here. how much did the infrastructure provided to the yankees cost? at least 10% of that number. it just shows how inequitable our society is when THREE GUYS on wall street last year combined to make over 9 billion last year. obviously Liz is right that tax loopholes need to be closed...how about let's start by taxing those hedge fund managers- even if the fed won't do it, thanks in part to Chuck Schumer.

Jul. 30 2008 10:49 AM
hjs from 11211


i don't get the property tax cap.
will they also pass an expenses cap?
maybe students should pay for 12th grade themselves

Jul. 30 2008 10:48 AM
Mike from nyc

Brian, please challenge this guy on the claim the 200k + earners are NOT wealthy. Ask him who is wealthy?

Jul. 30 2008 10:45 AM
Jack

What about the state slush/initiatives funds that range close to half a billion or so? Shouldn't that be cut before education?

Jul. 30 2008 10:45 AM
hjs from 11211

in a recession government should spend

dear
clinton & schumer
NY state should ask for some of the money back we give to washington.

Jul. 30 2008 10:09 AM

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