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(NY Governor) Cuomo Pushes New Tax Rates for Big Earners [View All]

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alp227 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 11:06 PM
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(NY Governor) Cuomo Pushes New Tax Rates for Big Earners
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Source: NYT

Gov. Andrew M. Cuomo on Sunday called for comprehensive reform of New Yorks tax code that would mean higher tax rates for the wealthy and a tax cut for the middle class, according to officials briefed on the plan.

Mr. Cuomo, a fiscally conservative Democrat whose popularity soared as he cut spending and won concessions from labor unions during his first year in office, also called for a stimulus package that would increase spending on road and bridge construction; finance new programs to train poor urban youths; and legalize resort-style casino gambling.

Mr. Cuomo was expected to call lawmakers back to Albany as soon as this week to take up some of his proposals.

While Mr. Cuomo did not provide specifics on his tax proposals, the governor and legislative leaders were negotiating a deal, the officials briefed on the plan said, that would allow the states so-called millionaires tax a surcharge on incomes over $200,000 for individuals to lapse as scheduled on Dec. 31.

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