New York has a giant tax problem its leaders don’t want to face

[WNYresident]

February 4, 2019 |

New York has a giant tax problem its leaders don’t want to face

New York state’s income tax take is dropping rapidly, but its leaders don’t seem interested in truly facing the implications.[/h]Projected income tax revenues for the year just dropped $2.3 billion, Gov. Andrew Cuomo and Comptroller Tom DiNapoli announced Monday — and that’s after falling $500 million in December.
Cuomo partly gets what’s going on: “‘Tax the rich! Tax the rich! Tax the rich!’ We did. Now, God forbid, the rich leave,” he said. He noted that the top 1 percent of New York earners provide 46 percent of the state’s personal income tax revenues, and cited anecdotal evidence that wealthy locals are heading for lower-tax states.
[h=1]The gov blames President Trump and the new tax law’s $10,000 cap on state and local tax deduction. But the exodus started long before the SALT cap: For years, the Empire Center’s E.J. McMahon has cited census data showing New Yorkers fleeing to Florida, Arizona and other low-tax states.

https://nypost.com/2019/02/04/new-yo...gJJK95rj3DWBso

[WNYresident]

Governor Cuomo's War on Electricity and Central Heating Just Hit a Roadblock

Sept 23rd

Winter is coming, to borrow a phrase.

Every New Yorker knows that during our long cold season, we rely on utility companies to supply us with power and heat. Life would get darn uncomfortable otherwise.

What many may not know is that Governor Andrew Cuomo and his climate-obsessed administration has been working hard to deprive utilities of the fuel they need to keep our lights on and our central heating systems operational. There were even power cuts in New York City this summer because of Cuomo's irrational aversion to fossil fuels, and one downstate utility company stopped accepting new natural gas customers because of a politically-induced shortage of that precious fuel. Similar unwise policies in Massachusetts led that state to import Russian natural gas by sea — despite the fact that the United States boasts some of the largest natural gas reserves in the world, and U.S. production is higher than ever.

https://townhall.com/columnists/nich...gNHcq6OSwfYLcI