New York’s budget won’t hike income tax rates, disappointing … – Spectrum News
Personal income tax rates won't increase in New York's state budget, a move that never seemed to gain much traction in the talks and a development that disappoints progressive advocates who had called for the increase.
The budget is expected to be finalized this week and is more than a month late.
Progressives this year had organized an effort to once again increase taxes on the highest income earners in New York in order to fund a variety of safety net programs in the state.
"This year was a critical opportunity to address growing inequality in New York," said Carolyn Martinez-Class, a campaign manager for the Invest in Our New York campaign. "The budget could have generated billions of dollars in sorely needed new public funds by raisingtaxes on New York's wealthiest residents and corporations and investing those dollars directly into our communities a move that poll after poll shows is widely popular with New York residents, regardless of political affiliation."
Lawmakers and Gov. Kathy Hochul have agreed to a $229 billion budget that will include a handful of tax increases: Taxes on cigarettes will increase by $1 per pack and a "modest" increase in a mobility tax will go toward funding mass transit in the New York City area.
But broad-based tax increases, especially on upper income earners, never seemed to gain much attention in the negotiations even as Democratic lawmakers called for higher tax rates on those who make $5 million and above.
New York closed out the fiscal year in April with a budget surplus estimated to be at more than $8 billion. A tax hike this year on wealthy New Yorkers would be the second tax hike in three years.
Hochul, however, never embraced the calls for income tax rates to rise in the state.
Fiscal watchdogs and Republican lawmakers had opposed tax increases as well, calling them unnecessary and potentially counterproductive.
"You know the New York motto is Excelsior, right? It means 'ever upward.' I guess this means under one party rule, that means our taxes are going ever upward," Republican Assemblyman Robert Smullen said last month.
Go here to read the rest:
New York's budget won't hike income tax rates, disappointing ... - Spectrum News
- Progressives push Biden administration to cut ties with Missouri student loan servicer Missouri Independent - Missouri Independent - May 23rd, 2024 [May 23rd, 2024]
- Biden wants progressives to believe hes reining in Israel. He isnt - The Guardian - May 23rd, 2024 [May 23rd, 2024]
- Problems with Progressivism and Populism - Econlib - May 23rd, 2024 [May 23rd, 2024]
- Border bill boxes in Senate progressives as Schumer forges ahead with doomed vote - Washington Examiner - May 23rd, 2024 [May 23rd, 2024]
- Four progressives vie to replace the longest-serving NM state rep Source New Mexico - Source New Mexico - May 23rd, 2024 [May 23rd, 2024]
- Squeezed by Progressives and the pro-Israel Camp, Does Biden Have a Problem With American-Jewish Voters? - U.S. ... - Haaretz - May 23rd, 2024 [May 23rd, 2024]
- Boulder Progressives will host meet-and-greet with primary candidates - Boulder Daily Camera - May 23rd, 2024 [May 23rd, 2024]
- Boulder Progressives to Host Primary Candidate Meet-and-Greet and Audience Q&A - Yellow Scene Magazine - May 23rd, 2024 [May 23rd, 2024]
- Opinion | The Supreme Court makes a dangerous ruling, delighting progressives - The Washington Post - May 23rd, 2024 [May 23rd, 2024]
- Progressives Need to Take the Gloves Off and Play Hardball with Our Rogue Supreme Court - Justia Verdict - May 23rd, 2024 [May 23rd, 2024]
- Progressives launch campaign to get upstate cities to opt in to 'good cause' law - City & State New York - May 23rd, 2024 [May 23rd, 2024]
- Commentary: Progressives are behind the wrong policies | Opinion - The Bulletin - May 23rd, 2024 [May 23rd, 2024]
- Progressive Prosecutor in Portland Faces Bitter Challenge From Co-Worker - The New York Times - May 23rd, 2024 [May 23rd, 2024]
- Will the Progressive Left Bury the Two-State Solution For Good? - Commentary Magazine - May 23rd, 2024 [May 23rd, 2024]
- Progressives warn young voters, as Biden's polling lags - Spectrum News NY1 - May 23rd, 2024 [May 23rd, 2024]
- 'Vox' Wants Progressives To Support Free Speech For The Wrong Reasons - Reason - May 23rd, 2024 [May 23rd, 2024]
- Progressives Routed In Oregons Democratic Primary As Jayapals Sister And Portlands DA Rejected - Mediaite - May 23rd, 2024 [May 23rd, 2024]
- Nellie Bowles book: Who are the 'New Progressives'? - Deseret News - May 23rd, 2024 [May 23rd, 2024]
- Why Medicare for All is off the table for progressives, for now - Axios - May 9th, 2024 [May 9th, 2024]
- Fetterman: Progressives who dont vote will own tragedy of second Trump term - The Hill - May 9th, 2024 [May 9th, 2024]
- Pistol-Packin' Progressives - WSJ - The Wall Street Journal - May 9th, 2024 [May 9th, 2024]
- John Fetterman will speak at Florida Democratic Party gala. Progressives want it cancelled. - The Philadelphia Inquirer - May 9th, 2024 [May 9th, 2024]
- Mass. AG Campbell to helm progressives reproductive rights working group - MassLive.com - May 9th, 2024 [May 9th, 2024]
- Medicare for All absent from progressives' agenda - Axios - May 9th, 2024 [May 9th, 2024]
- Opinion | The progressives won again - Alabama Political Reporter - May 9th, 2024 [May 9th, 2024]
- Kennedy: Biden's In A Bit Of A Pickle With Progressives In His Party Right Now - FOX News Radio - May 9th, 2024 [May 9th, 2024]
- Dem Lawmaker Speaks Fierce Logic On Trump That He Wants Progressives To Hear - HuffPost - May 9th, 2024 [May 9th, 2024]
- Progressives are wrong on Hamas rape denials - Newsday - March 11th, 2024 [March 11th, 2024]
- Pramila Jayapal State of the Union preview: Joe Biden needs to speak to progressives. - Slate - March 11th, 2024 [March 11th, 2024]
- Schiffs big win sinks powerhouse progressives - MSNBC - March 11th, 2024 [March 11th, 2024]
- Progressives Explain What They Want Out Of Biden's Big Speech - Crooked - March 11th, 2024 [March 11th, 2024]
- Declaring the end of progressive San Francisco is a bit premature - 48 hills - 48 Hills - March 11th, 2024 [March 11th, 2024]
- Schiff Beats Out Split Progressives On Glide Path To California Senate Seat - TPM - March 11th, 2024 [March 11th, 2024]
- Progressive Wins and Losses in Texas' Super Tuesday Primary - Progress Texas - March 11th, 2024 [March 11th, 2024]
- Progressives Win Two Texas District Attorney Races - Yahoo! Voices - March 11th, 2024 [March 11th, 2024]
- AOC walks tightrope between moderates, progressives during State of the Union speech - wpde.com - March 11th, 2024 [March 11th, 2024]
- State of the Union 2024: Progressive 'Squad' turns up heat on Biden with demands ahead of speech - Washington Examiner - March 11th, 2024 [March 11th, 2024]
- Sen. John Fetterman says 'progressives left me' as he urges action to secure border: 'There is a crisis' - New York Post - January 22nd, 2024 [January 22nd, 2024]
- Fetterman continues his feud with progressive Democrats and says they 'left' him - Washington Examiner - January 22nd, 2024 [January 22nd, 2024]
- The quandary for progressive Jews - New York Daily News - January 22nd, 2024 [January 22nd, 2024]
- Why these progressives want ex-Rep. Andy Levin to run against Biden - Detroit News - January 22nd, 2024 [January 22nd, 2024]
- Letter: I favor conservatives over progressives - The Dispatch Argus - January 22nd, 2024 [January 22nd, 2024]
- Progressives in Iceland intensify campaign against Israels genocidal war in Gaza - Peoples Dispatch - January 22nd, 2024 [January 22nd, 2024]
- Editorial: Biden must resist call to appease progressives - Boston Herald - January 22nd, 2024 [January 22nd, 2024]
- Can Gov. Hochul stand up to progressives | Commentary | oleantimesherald.com - Olean Times Herald - January 22nd, 2024 [January 22nd, 2024]
- Green energy was 2023's biggest loser. Will Biden and progressives wake up in 2024? - Fox News - January 6th, 2024 [January 6th, 2024]
- What progressives get wrong about Winston Churchill - The Spectator - January 6th, 2024 [January 6th, 2024]
- Divided progressives are the best friends a Conservative leader could have - Toronto Star - January 6th, 2024 [January 6th, 2024]
- Burlington Progressives Pick Two More Candidates for March Ballot - Seven Days - January 6th, 2024 [January 6th, 2024]
- Are Young People Actually Progressive? - New York Magazine - January 6th, 2024 [January 6th, 2024]
- Democrats and progressives react to Gov. Scott's State of the State - WPTZ - January 6th, 2024 [January 6th, 2024]
- Let's Seize This Opportunity to Destroy Harvard! - The Intercept - January 6th, 2024 [January 6th, 2024]
- Is nothing good enough? Phoebe Maltz Bovy on why some progressives are mad at the young Israeli refusing to serve ... - The Canadian Jewish News - January 6th, 2024 [January 6th, 2024]
- Progressivism's Breakdown over Israel and Jews | Joshua Davidson | The Blogs - The Times of Israel - January 6th, 2024 [January 6th, 2024]
- Normalising the far right: a warning from Austria - Social Europe - January 3rd, 2024 [January 3rd, 2024]
- AIPAC vs. The Squad: Pro-Israel Group to Spend $100M to Target Progressives in 2024 - Democracy Now! - January 3rd, 2024 [January 3rd, 2024]
- Opinion | For Wisconsin progressives, 2023 was a very good year - The Capital Times - January 3rd, 2024 [January 3rd, 2024]
- Abundance Progressives: A New Ideological Shift - BNN Breaking - January 3rd, 2024 [January 3rd, 2024]
- Progressives need to get real about Trump, democracy and the Supreme Court - The Hill - December 30th, 2023 [December 30th, 2023]
- Democrats get ready to ditch the progressives - The Times - December 30th, 2023 [December 30th, 2023]
- Actor Brett Gelman joins Eretz Nehederet to skewer US progressives - The Times of Israel - December 30th, 2023 [December 30th, 2023]
- MICHELLE GOLDBERG: What's driving former progressives to the right? - Indiana Gazette - December 30th, 2023 [December 30th, 2023]
- Joe Biden Is a 'Dictator' and 'Worse Than Trump': Progressive Activist - Newsweek - December 30th, 2023 [December 30th, 2023]
- Greek progressives deal ruling New Democracy severe blow in local elections - EURACTIV - October 17th, 2023 [October 17th, 2023]
- Progressives, as much as Conservatives, ought to adjust their ideas to fit actual facts - Daily Kos - October 17th, 2023 [October 17th, 2023]
- Progressives face backlash over response to Israel attacks - The Hill - October 17th, 2023 [October 17th, 2023]
- AOC and two fellow NY progressives back formal plea for ceasefire ... - New York Daily News - October 17th, 2023 [October 17th, 2023]
- Poland's voters turn fear into a stunning win for progressives - Tortoise - Tortoise Media - October 17th, 2023 [October 17th, 2023]
- Some progressives split with Biden and the Democrats on ... - The Boston Globe - October 17th, 2023 [October 17th, 2023]
- COLUMN: Schools, progressives must realize kids belong to parents - Oil City Derrick - October 17th, 2023 [October 17th, 2023]
- Scott hits Biden, progressives over response to Hamas attacks in Israel - The Hill - October 17th, 2023 [October 17th, 2023]
- Bergus: A model white progressive for Black justice in Iowa City - The Gazette - October 17th, 2023 [October 17th, 2023]
- Capitol Police Brief Progressives On Security Measures Amid Rise ... - Yahoo News - October 17th, 2023 [October 17th, 2023]
- Why Pittsburgh & Allegheny County progressives keep winning elections - 90.5 WESA - May 20th, 2023 [May 20th, 2023]
- How Progressives Won and Lost in Purple Pennsylvania - The Intercept - May 20th, 2023 [May 20th, 2023]
- Progressives gird for battle as permitting talks escalate - E&E News - May 20th, 2023 [May 20th, 2023]
- Philadelphia mayoral race 2023: What to know about the May 16 Democratic primary - Vox.com - May 20th, 2023 [May 20th, 2023]
- Bidens 14th Amendment message to progressives: It aint gonna happen - Yahoo News - May 20th, 2023 [May 20th, 2023]
- Medicare for All bill revived by House and Senate progressives - Healthcare Finance News - May 20th, 2023 [May 20th, 2023]
- Douglas Rooks: On economic issues, progressives are missing in ... - Kennebec Journal and Morning Sentinel - May 20th, 2023 [May 20th, 2023]