ALBANY, N.Y. (AP) — Critics are say a proposal to extend a "temporary" income tax hike for the second time in the state budget currently under negotiation is bad for New York.
E.J. McMahon of the Manhattan Institute says the proposal is a political ploy to avoid extending the tax when it's due to expire in 2014, an election year.
The proposal being considered in closed-door talks was first revealed last week by The Associated Press citing officials close to the talks who spoke on the condition of anonymity because they weren't authorized to divulge the effort.
Legislative leaders confirmed the proposal Sunday night. The $2 billion "millionaire's tax" was opposed by Cuomo and Senate Republicans in the 2010 elections.
The Partnership for New York City calls it the worst possible message to employers.
Monday, May 20 2013 6:30 PM EDT2013-05-20 22:30:03 GMT
Repair work on tracks that were damaged in last week's train collision has progressed quickly enough that the MTA predicts restoring full service along the New Haven line by Wednesday morning.
Repair work on tracks that were damaged in last week's train collision has progressed quickly enough that the MTA predicts restoring full service along the New Haven line by Wednesday morning.
Monday, May 20 2013 5:58 AM EDT2013-05-20 09:58:10 GMT
The Connecticut Department of Transportation and Metro-North Railroad released the following information regarding service on the New Haven commuter rail line
The Connecticut Department of Transportation and Metro-North Railroad released the following information regarding service on the New Haven commuter rail line
Sunday, May 19 2013 8:05 PM EDT2013-05-20 00:05:54 GMT
Amtrak announced Sunday night that service remains suspended between New York and New Haven, with limited Amtrak service available between Boston and New Haven.
Amtrak announced Sunday night that service remains suspended between New York and New Haven, with limited Amtrak service available between Boston and New Haven.
Sunday, May 19 2013 6:42 PM EDT2013-05-19 22:42:18 GMT
U.S. Senator Kirsten Gillibrand (D-NY) announced a new legislation to reduce debt on federal loans. Gillibrand is proposing the "Federal Student Loan Refinancing Act"
U.S. Senator Kirsten Gillibrand (D-NY) announced a new legislation to reduce debt on federal loans. Gillibrand is proposing the "Federal Student Loan Refinancing Act"
Friday, May 17 2013 8:28 PM EDT2013-05-18 00:28:27 GMT
Democratic Assemblyman Vito Lopez, who represents New York City, said he will resign June 20 amid a sexual harassment scandal and run for a City Council seat.
Democratic Assemblyman Vito Lopez, who represents New York City, said he will resign June 20 amid a sexual harassment scandal and run for a City Council seat.
Thursday, May 16 2013 6:06 PM EDT2013-05-16 22:06:34 GMT
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
Thursday, May 16 2013 2:49 PM EDT2013-05-16 18:49:22 GMT
Powerball's estimated jackpot has soared to $550 Million dollars for Saturday's drawing after none of the tickets sold for the Powerball game Wednesday evening matched all six numbers drawn.
Powerball's estimated jackpot has soared to $550 Million dollars for Saturday's drawing after none of the tickets sold for the Powerball game Wednesday evening matched all six numbers drawn.
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