When the Bush Administration took us to war in Iraq and Afghanistan, they decided not to pay for those wars with taxes. In fact they insisted on giving people tax breaks, including those for whom war taxes would not have affected their lifestyles. The well-understood consequence was that someone else would pay for the wars. At the time the talk was that the next generation would have to pay.
The New York state legislature has finished its hearings on Governor Andrew Cuomo’s budget proposal, and will be ready to start crafting a spending plan once they return from the President’s Day break. One of the final hearings focused on the governor’s tax cutting plans, and lawmakers had plenty of questions.
One of the top issues of the 2014 New York legislative session will be taxes. While Governor Andrew Cuomo wants to cut taxes, some, including New York City Mayor -elect Bill de Blasio, want to raise them.
I’m tired of hearing that lower taxes will bring new business. Politicians chant low taxes like a mantra that answers everything. Governor Cuomo offers to starve many New York communities of money for services by barring them from taxing new business.
Today's panelists are WAMC’s Alan Chartock, Editor of the Daily Gazette, Judy Patrick, and Times Union Capitol Reporter, Jimmy Vielkind. Ray Graf moderates.
Topics include: Former Bush Official Said to Be Obama Pick to Lead F.B.I. Holder Faces New Round of Criticism After Leak Inquiries A Second Democrat Calls for Silver to Resign CSEA attacks Cuomo tax-free zone plan Saratoga racino expansion's inclusion of theater space Cuomo's new tax free zones The end of the NY legislative session Gloversville ice cream trial
New York Governor Andrew Cuomo has been traveling the state promoting a plan to allow new businesses to go tax free for up to a decade if they locate near a State University campus. The plan, which is yet to be drafted into bill form, has raised some questions.
BOSTON (AP) — Film companies have been awarded $44 million in Massachusetts tax credits for projects filmed in 2011, with nearly two-thirds of new spending generated by the productions going to individuals and businesses located out-of-state, including many individuals making more than $1 million.
That's a jump over the $18 million in credits in 2010.
The Department of Revenue report credited the increase on the return of multiple major feature films being made in Massachusetts.