Governor Andrew Cuomo’s plan to cut the estate tax is drawing praise from fiscally conservative groups, and condemnation from advocates for the poor.
Cuomo’s proposal would raise the threshold for New York’s estate tax from the current $1 million to $5.25 million, which is the current federal rate of taxation. EJ McMahon, with the fiscally conservative think tank The Empire Center calls the levy the “death tax." He says it’s about time New York got in synch with the rest of the country, where many states have already eliminated the tax altogether.
A new poll finds that New Yorkers statewide favor Governor Cuomo’s plan to fund pre kindergarten over New York City Mayor Bill de Blasio’s proposal.
The Quinnipiac poll finds that the majority of New Yorkers prefer Governor Andrew Cuomo’s plan to finance expanded pre-K through state funds, than favor Mayor Bill de Blasio’s proposal to tax the wealthy to get the money.
The Cuomo Administration is moving ahead with a bill to allow limited access to medical marijuana. Cuomo’s health commissioner told lawmakers at a budget hearing that the program could be “up and running” within a year, but his claims were met with some skepticism.
Governor Cuomo’s health commissioner told lawmakers at a recent budget hearing that he prefers the governor’s plan for limited medical marijuana in New York, rather than a broader program backed by some in the legislature.
The New York State Education Commissioner testified at a legislative budget hearing, where he once again heard complaints from concerned lawmakers on the fast track adoption of the new national Common Core standards.
Lawmakers, calling the roll out of Common Core a “nightmare” and a “mistake," grilled State Education Commissioner John King and asked for more time for the adoption of the new federal standards.
Reactions are pouring in to Governor Andrew Cuomo’s budget plan. They range from praise to criticism.
Business groups are among the happiest so far with Governor Cuomo’s budget. The State’s Business Council, reacting to Cuomo’s calls for a corporate tax cut, a faster phase out of an energy tax, and a reduction in the estate tax and property taxes , say they “applaud the Governor’s continued commitment to improve the state’s business climate."
Some top New York state lawmakers seem to be changing their minds over whether to call special elections for a growing number of vacancies in the legislature. Assembly Speaker Sheldon Silver now says he wants voters to pick new legislators to fill 11 vacancies.
There’s continued dissatisfaction over the state’s implementation of the new Common Core standards, which parents, students and teachers have complained has led to too much testing. There’s disagreement, though, in the state legislature over how to fix it.