Posted on 12/10/2020 3:21:26 AM PST by Oldeconomybuyer
New York State Assembly Democrats are mulling an array of new and higher taxes on the rich as well as legalization of mobile sports betting and marijuana to address a fiscal crisis fueled by the coronavirus pandemic.
The lawmakers discussed raising taxes to close a projected massive budget deficit next year during a grim, private remote meeting held all-day on Wednesday.
“If there was an idea to raise money, it was discussed today,” Assembly Education Committee Chairman Michael Benedetto (D-Bronx) told The Post afterward “Everything was discussed at great length.”
The tax talk session comes as the New York City chapter of the Democratic Socialists of America is waging a phone banking campaign urging voters to pressure their state representatives to back taxing the rich as an alternative to spending cuts for the needy.
The lawmakers discussed raising the income tax rates on billionaires and millionaires and imposing a stock transfer tax and a pied-a-terre tax on second homes, among other potential measures to raise billions of dollars in additional revenue.
Democrats who control the Assembly are more open to tax hikes than spending cuts to education, health care and social services — particularly in the middle of a pandemic-fueled recession.
During a remote press briefing Wednesday, Cuomo said tax hikes and spending cuts — including layoffs of government workers — will be necessary and painful medicine if Washington doesn’t come to the rescue with a bailout package.
(Excerpt) Read more at nypost.com ...
leave it to Democrat a pack of morons to see the problem as one of not enough taxation....
Just think of all those Amazon employees who would be paying taxes right now, but aren’t.
Thank you AOC!
Meanwhile, from July...
How drugged driving, stoned workers in legal weed states impacts NY marijuana legalization
And if you think getting a conviction for drunk driving is difficult, wait to you see how difficult, and expensive, getting a conviction for drugged driving for pot is..
Rats aiming low as usual.
Across the river here in northeastern NJ, Nabisco is closing a plant and 600 people are losing their jobs.
Ain’t Dem rule grand?
Gov. Cuomo warns of thousands of layoffs, tax increases without federal financial relief
When will they go after Big Marijuana? Never.
tax your state retirees!.....especially if they’ve moved elsewhere.....
“...tax hikes and spending cuts — including layoffs of government workers — will be necessary and painful medicine if Washington doesn’t come to the rescue with a bailout package.
Irresponsible out-of-control spending now requires the rest of us to clean up your mess.
weed, strip clubs and the the Hollywood crowd....this is where their values are....covid can’t stop these people...
System rot, keeping small businesses shut down allowing rioting looting and burning, and they look toward weed and taxing the wealthy that have already ran out of town to save them. These are the idiots you have elected
Let me get this straight, people are bailing from cancer cesspools NY and NYC largely because of taxes and idiotic lockdown policies and now they want to tax people more? LMAOGTFO. When dumb becomes dumber.....
Ain’t it grand? New York’s politicians are doing the work of business recruiters in Florida.
This is too funny, I don’t see any panicking like this in East Teas
same thing happened in NE Philadelphia on the blvd
The toll on one of the bridges to get into NYC is $17 per car.....and they are still losing money.
Schadenfreude....will never step into NYC again.
actually they want to tax you for moving away. The virtual office job is going to kill NYC.
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