Posted on 12/10/2020 6:31:11 AM PST by rktman
w York Gov. Andrew Cuomo told residents Wednesday that income tax increases are coming, even if the state receives aid from a coronavirus relief bill.
“If Washington gives us some of it, then we’re going to have to redo a budget, we’re going to have to raise taxes—I believe we’re going to have to raise taxes, at the end of the day, in any event,” Cuomo said.
“How much? ... How much on whom and how much do you need?” he asked. “A tax increase is not a political statement. It’s a policy statement and it’s a revenue device. That’s why it has to be done in the budget.
“We need federal aid — period,” the governor continued. “I believe there will be a lot of cuts, but that has to happen within all the context of a decision in a budget. I believe a lot of tough decisions will need to be made.”
(Excerpt) Read more at townhall.com ...
How about some tremendous spending cuts first?
It sounds like he’s trying to make any remaining residents flee.
Not too unlike saying he’s going to destroy your car.
Punish them, hurt them, make them bleed. Either they’ll figure out that voting Dem is bad for them, or I can get the schadenfreude of watching them suffer with their choices.
UNACCEPTABLE! Citizen, report immediately to Camp Solovetsky where you will be retrained in rightthink! Get moving!
He’s starting to sound more and more like Nero - and he’s probably from the same bloodline, the craven scum.
NYC has an income tax as well - no income, no tax! But all the gubmint workers are still getting paid...
I told my friends in late march that if we locked down, the first institution to lose would be local and state governments. When people do not buy, sell, produce and consume, taxes are not being collected. Taxes are, to governments, what job income is to the average citizen. If your lifestyle and, especially, your income to debt ratio is based on a $100,000 a year job, and you suddenly get your pay cut to $20,000 a year, well, rough times are ahead.
Only the federal government can get out of it by merely printing money and monetizing it. Of course, that’s followed by massive price inflation.
Coming in 2021.
My guess is they will do property tax, they know they can and will shut down businesses so they cannot do that and hope for income tax revenue. Property owners are going to be hit very hard which will hasten the exit.
Unfortunately there's a 3rd outcome possible, they move to Red states and continue to vote for the same policies they fled.
They want certain residents to flee; there are a few billion replacements in Asia waiting to move in. It is still a step up for them...
Great, another liberal influx coming to Florida.
Looking like next year may be 2020 2 point 0
There is no one left in NY CUOMO. Who the hell is gonna pay
these Tax hikes anyway?
Have they already instituted a penalty for bailing like commifornia?
Tremendous - as in very good? Or as in very large?
Oh, NM - to a demonrat that’s synonymous.
Hundreds of thousands leave the craphole NYC so the city wants to tax everyone else to make up the difference.
Right now New York state property taxes are done by cities and towns.
In theory the state could start them—but that would take a long time to implement
Need tee shirts with the classic, “I (heart) NY” logo, but with the heart crossed out and a “$” inserted. Add Cuomo’s photo in the background.
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