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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.
I love it when politicians claim that everyone will have to suffer a bit when catastrophes like this happen. Yeah, right...
@ Judith: 5 cents is quite a bit when we're talking about stock prices.
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.
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.
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.
i don't get the property tax cap. will they also pass an expenses cap? maybe students should pay for 12th grade themselves
Brian, please challenge this guy on the claim the 200k + earners are NOT wealthy. Ask him who is wealthy?
What about the state slush/initiatives funds that range close to half a billion or so? Shouldn't that be cut before education?
in a recession government should spend
dear clinton & schumerNY state should ask for some of the money back we give to washington.
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